Cross-Region Transfer Multipliers in a Monetary Union : Evidence from Social Security and Stimulus Payments

US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited with helping to stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus payments and perm...

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Bibliographic Details
Main Author: Pennings, Steven
Format: Journal Article
Published: American Economic Association 2021
Subjects:
Online Access:http://hdl.handle.net/10986/35532