US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and...

Rapid economic growth over the past two decades lifted millions of people out of poverty in Central Asia. But the uneven spread of prosperity left many communities struggling to catch up. To support lagging regions within countries, each of the region's five national governments has made...