May 07, 2009

The Obama Economic Recovery Plan: National and Regional Macroeconomic Effect of Energy and Environmental Policies

REMI was used in this study to model the standard baseline forecast so as to ascertain the qualitative and quantitative impacts of the President Obama’s stimulus program. The three dimensions of the stimulus were the effect over time, the geographical effect, and the impact of the individual programs. The results speak more to cost savings and enhancements in productivity than generating new or bonus revenue in the short-term with long-lasting increases in real disposable personal income and gross domestic product on the horizon once the stimulus dollars run out.

REMI – Obama IAEE Final Paper [full PDF]