G2TT
来源类型Discussion paper
规范类型论文
来源IDDP9530
DP9530 Consumption, Income Changes and Heterogeneity: Evidence from Two Fiscal Stimulus Programmes
Paolo Surico; Kanishka Misra
发表日期2013-06-30
出版年2013
语种英语
摘要Almost half of American families did not adjust their consumption following receipt of the 2001 or 2008 tax rebates. Another 20%, with low income and more likely to rent, spent a small but significant amount. Households with large spending propensity held high mortgage debt. The heterogeneity is concentrated in a few non-durable categories and a handful of `new vehicle' purchases. The predictions of the heterogeneous response model appear far more accurate than their homogeneous response model counterparts, offering new insights on the evaluation of the two fiscal stimulus programmes.
主题International Macroeconomics ; Public Economics
关键词Fiscal policy Heterogeneity Stimulus payments
URLhttps://cepr.org/publications/dp9530
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/538366
推荐引用方式
GB/T 7714
Paolo Surico,Kanishka Misra. DP9530 Consumption, Income Changes and Heterogeneity: Evidence from Two Fiscal Stimulus Programmes. 2013.
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