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behavior to China's largest national subsidy program for fuel efficient vehicles during 2010 and 2011. Using variation from the … subsidy on sales of fuel efficient vehicles was smaller in areas where consumers were more likely to purchase fuel inefficient …
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find it optimal to implement a targeted subsidy to induce low interest rates and, as a by-product, generate new information …
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The 2009 Cash for Clunkers program aimed to stimulate consumer spending in the new automobile industry, which was experiencing disproportionate reductions in demand and employment during the Great Recession. Exploiting program eligibility criteria in a regression discontinuity design, we show...
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