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Accelerator or Brake? Cash for Clunkers, Household Liquidity, and Aggregate Demand

Green, Daniel - 2016

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...

Persistent link: https://www.econbiz.de/10012978103