Search Results

SORT BY: PREVIOUS / NEXT
Author:Crawley, Edmund 

Working Paper
Welfare and Spending Effects of Consumption Stimulus Policies

Using a heterogeneous agent model calibrated to match measured spending dynamics over four years following an income shock (Fagereng, Holm, and Natvik (2021)), we assess the effectiveness of three fiscal stimulus policies employed during recent recessions. Unemployment insurance (UI) extensions are the clear “bang for the buck” winner, especially when effectiveness is measured in utility terms. Stimulus checks are second best and have the advantage (over UI) of being scalable to any desired size. A temporary (two-year) cut in the rate of wage taxation is considerably less effective than ...
Finance and Economics Discussion Series , Paper 2023-002

FILTER BY year

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

E21 3 items

D12 1 items

D14 1 items

E32 1 items

E52 1 items

E62 1 items

show more (1)

FILTER BY Keywords

Consumption 2 items

HANK 1 items

Income 1 items

Intertemporal Substitution 1 items

MPC 1 items

Monetary Policy 1 items

show more (7)

PREVIOUS / NEXT