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government transfers on economic well-being varied by household type during the COVID-19 pandemic. Our findings indicate that …’s start and sustaining spending growth over time. Household essential spending increased proportionally with the delivery of … cash transfers, while discretionary spending was influenced more by pandemic-specific factors beyond household income. Our …
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. Randomization in the payment dates and daily scanner data allow us to identify the effects of these transfers on household spending …
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Stimulus checks have become an increasingly important policy tool in recent U.S. recessions. How does the households' marginal propensity to spend (MPX) vary as checks become larger? To quantify this size-dependence in the MPX, we augment a canonical model of durable spending by introducing a...
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