Did the paycheck protection program hit the target?
This paper provides a comprehensive assessment of financial intermediation and the
economic effects of the Paycheck Protection Program (PPP), a large and novel small …
economic effects of the Paycheck Protection Program (PPP), a large and novel small …
Interest rate pass-through: Mortgage rates, household consumption, and voluntary deleveraging
Exploiting variation in the timing of resets of adjustable-rate mortgages (ARMs), we find that
a sizable decline in mortgage payments (up to 50 percent) induces a significant increase in …
a sizable decline in mortgage payments (up to 50 percent) induces a significant increase in …
Does machine translation affect international trade? Evidence from a large digital platform
Artificial intelligence (AI) is surpassing human performance in a growing number of domains.
However, there is limited evidence of its economic effects. Using data from a digital platform …
However, there is limited evidence of its economic effects. Using data from a digital platform …
Government and private household debt relief during COVID-19
We follow a representative panel of US borrowers to study the suspension of household
debt payments (debt forbearance) during the COVID-19 pandemic. Between March and …
debt payments (debt forbearance) during the COVID-19 pandemic. Between March and …
Geographic cross-sectional fiscal spending multipliers: What have we learned?
G Chodorow-Reich - American Economic Journal: Economic Policy, 2019 - aeaweb.org
A geographic cross-sectional fiscal spending multiplier measures the effect of an increase in
spending in one region of a monetary union. Empirical studies of such multipliers have …
spending in one region of a monetary union. Empirical studies of such multipliers have …
Tax policy and heterogeneous investment behavior
We estimate the effect of temporary tax incentives on equipment investment using shifts in
accelerated depreciation. Analyzing data for over 120,000 firms, we present three findings …
accelerated depreciation. Analyzing data for over 120,000 firms, we present three findings …
Capital tax reform and the real economy: The effects of the 2003 dividend tax cut
D Yagan - American Economic Review, 2015 - aeaweb.org
This paper tests whether the 2003 dividend tax cut—one of the largest reforms ever to a US
capital tax rate—stimulated corporate investment and increased labor earnings, using a …
capital tax rate—stimulated corporate investment and increased labor earnings, using a …
Experimental evidence on the economics of rural electrification
We present results from an experiment that randomized the expansion of electric grid
infrastructure in rural Kenya. Electricity distribution is a canonical example of a natural …
infrastructure in rural Kenya. Electricity distribution is a canonical example of a natural …
Consumer spending and the economic stimulus payments of 2008
JA Parker, NS Souleles, DS Johnson… - American Economic …, 2013 - aeaweb.org
We measure the change in household spending caused by receipt of the economic stimulus
payments of 2008, using questions added to the Consumer Expenditure Survey and …
payments of 2008, using questions added to the Consumer Expenditure Survey and …
The distributional effects of US clean energy tax credits
S Borenstein, LW Davis - Tax Policy and the Economy, 2016 - journals.uchicago.edu
Since 2006, US households have received more than $18 billion in federal income tax
credits for weatherizing their homes, installing solar panels, buying hybrid and electric …
credits for weatherizing their homes, installing solar panels, buying hybrid and electric …