| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27876 |
| 来源ID | Working Paper 27876 |
| Modeling the Consumption Response to the CARES Act | |
| Christopher D. Carroll; Edmund Crawley; Jiri Slacalek; Matthew N. White | |
| 发表日期 | 2020-09-28 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | To predict the effects of the 2020 U.S. CARES Act on consumption, we extend a model that matches responses to past consumption stimulus packages. The extension allows us to account for two novel features of the coronavirus crisis. First, during lockdowns, many types of spending are undesirable or impossible. Second, some of the jobs that disappear during the lockdown will not reappear. We estimate that, if the lockdown is short-lived (the median point of view as we are writing in April 2020), the combination of expanded unemployment insurance benefits and stimulus payments should be sufficient to allow a swift recovery in consumer spending to pre-crisis levels. If the lockdown lasts longer (or there is a ‘second wave’), an extension of enhanced unemployment benefits will likely be necessary for consumption spending to recover quickly. |
| 主题 | Microeconomics ; Households and Firms ; Economics of Information ; Macroeconomics ; Consumption and Investment ; Business Cycles ; COVID-19 |
| URL | https://www.nber.org/papers/w27876 |
| 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/585549 |
| 推荐引用方式 GB/T 7714 | Christopher D. Carroll,Edmund Crawley,Jiri Slacalek,et al. Modeling the Consumption Response to the CARES Act. 2020. |
| 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 | ||
| w27876.pdf（608KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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