| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15283 |
| DP15283 Optimal Allocation of the COVID-19 Stimulus Checks | |
| Vegard M. Nygaard; Bent E Sørensen; Fan Wang | |
| 发表日期 | 2020-09-11 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Congress spent $250B sending stimulus checks to individuals. Could the same stimulus have been achieved for less, assuming the government's information is restricted to 2019 tax returns? Using a life-cycle consumption-saving model with heterogeneous consumers, we calculate the consumption responses to $100 increments of cash transfers by, e.g., marital status, income, and number of children. We find the optimal allocation under different constraints using a new algorithm that can rank an arbitrarily-large number of possible allocations. The optimal policy roughly doubles the amount for low-income and younger consumers and can achieve the same stimulus at almost half the cost. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Cares act Stimulus effect Propensity to consume Heterogeneous consumers |
| URL | https://cepr.org/publications/dp15283-0 |
| 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/544259 |
| 推荐引用方式 GB/T 7714 | Vegard M. Nygaard,Bent E Sørensen,Fan Wang. DP15283 Optimal Allocation of the COVID-19 Stimulus Checks. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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