American recovery and Danish fiscal policy

American Recovery & Danish Fiscal Policy During the financial crisis, president Obama adopted a fiscal package easing called the “American Recovery and Reinvestment Act” often also referred to as ARRA. The fiscal package included approx. $830 billion which was to be spend on the US economy to ease the financial crisis. The most important items in the fiscal easing package were the following: Fiscal Intervention Multipliers Purchase of goods and services 2.5 Grants to states for infrastructure 2.2 Transfers to poor persons (homeless etc.) 2.1 Cash check to elderly 1.0 Tax reductions for low incomes 1.5 Tax reductions for high