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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w20122 |
来源ID | Working Paper 20122 |
The Economic Stimulus Payments of 2008 and the Aggregate Demand for Consumption | |
Christian Broda; Jonathan A. Parker | |
发表日期 | 2014-05-15 |
出版年 | 2014 |
语种 | 英语 |
摘要 | Using a survey of households in the Nielsen Consumer Panel and the randomized timing of disbursement of the 2008 Economic Stimulus Payments, we find that a household's spending rose by ten percent the week it received a Payment and remained high cumulating to 1.5-3.8 percent of spending over three months. Our estimates imply partial-equilibrium increases in aggregate demand of 1.3 percent of consumption in the second quarter of 2008 and 0.6 percent in the third. Spending is concentrated among households with low wealth or low past income; a household's spending did not increase significantly when it learned about its Payment. |
主题 | Microeconomics ; Households and Firms ; Behavioral Economics ; Macroeconomics ; Consumption and Investment ; Fiscal Policy |
URL | https://www.nber.org/papers/w20122 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577796 |
推荐引用方式 GB/T 7714 | Christian Broda,Jonathan A. Parker. The Economic Stimulus Payments of 2008 and the Aggregate Demand for Consumption. 2014. |
条目包含的文件 | 条目无相关文件。 |
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