Moody’s Analytics Advocates Unemployment Insurance as Stimulus

Date Published: 
Wed, 04/14/2010

Mark Zandi.  Testimony before the Senate Finance Committee. April 14, 2010.

"Using Unemployment Insurance to Help Americans Get Back To Work”: “No form of fiscal stimulus has proved more effective during the past two years than emergency UI benefits, proving a bang for the buck of 1.61—that is, for every $1 in UI benefits, GDP one year later is increased by an estimated $1.61.” Only food stamps and federal financing of Work Share programs have a bigger bang for the buck.