We document households' spending responses to a stimulus payment in Japan during the
COVID-19 pandemic. In response to the pandemic, the Japanese government launched a …

This chapter provides an overview of economic studies analyzing the impact of the increase
in unemployment insurance (UI) benefits and the distribution of stimulus checks prescribed …

We study the problem of financial assistance (bailouts, stimulus payments, or subsidy
allocations) in a network where individuals experience income shocks. These questions are …

I study a simple equity-efficiency problem: A designer allocates a fixed budget of money to
agents differing in privately observed marginal values for money. She can only screen by …

A planner allocates discrete transfers of size D g to N heterogeneous groups labeled g and
has CES preferences over the resulting outcomes, H g (D g). We derive a closed-form …

This paper derives a closed-form solution for optimally allocating resources among
heterogeneous individuals subject to individual-specific allocation constraints assuming the …

The COVID-19 pandemic has greatly affected billions of lives around the world, and the
CARES Act, the largest relief package in United States history was created to alleviate the …