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Spending effects of fiscal transfers in a pandemic | VOX, CEPR Policy Portal

Similar to many other government policies around the world, Germany's fiscal response to the Covid-19 pandemic included direct fiscal transfers to households. This column evaluates the spending effects of three payments to families with children and their effectiveness. It finds a significant but small spending effect of the first transfer which is higher for low-income and ....

United States , Daniel Murphy , Konsumforschung Gf , Sun Abraham , Deutsche Bundesbank , Consumer Expenditure , Global Crisis , Coronavirus Aid , Economic Security , Economic Impact Payments , Unconventional Fiscal , Financial Studies , American Economic Review , Economic Stimulus Payments , Spending Responses , Development Economics ,