• Lauren Cohen
  • Joshua Coval
  • Christopher Malloy


Do Powerful Politicians Cause Corporate Downsizing. Lauren Cohen, Joshua Coval, Christopher J. Malloy, October 7, 2011, Paper. "This paper employs a new empirical approach for identifying the impact of government spending on the private sector. Our key innovation is to use changes in congressional committee chairmanship as a source of exogenous variation in state-level federal expenditures. In doing so, we show that fiscal spending shocks appear to significantly dampen corporate sector investment and employment activity..." Link