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...

We discuss general equilibrium effects of endowment changes in a small open and competitive economy with scale diseconomies. We argue that adverse Rybczynski effects may be observed when inputs are both superior and gross substitutes in the aggregate. The analysis is based on cost functions and...