| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22878 |
| 来源ID | Working Paper 22878 |
| Accelerator or Brake? Cash for Clunkers, Household Liquidity, and Aggregate Demand | |
| Daniel Green; Brian T. Melzer; Jonathan A. Parker; Arcenis Rojas | |
| 发表日期 | 2016-12-05 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We evaluate the Car Allowance Rebate System (CARS) by comparing the vehicle purchases and disposals of households with eligible “clunkers” to those of households with similar, but ineligible, vehicles. We find that CARS caused roughly 500,000 purchases during the program period and that the liquidity provided by CARS was critical for generating this large response. CARS provided less liquidity for households owning clunkers securing loans, since participation required loan repayment. The participation rate of these households was low, which we attribute to liquidity constraints and distinguish from the effects of other indebtedness, household income, and the size of the program subsidy. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Fiscal Policy ; Financial Economics ; Financial Markets ; Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w22878 |
| 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/580552 |
| 推荐引用方式 GB/T 7714 | Daniel Green,Brian T. Melzer,Jonathan A. Parker,et al. Accelerator or Brake? Cash for Clunkers, Household Liquidity, and Aggregate Demand. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22878.pdf（1515KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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