Claudia Sahm, Joel Slemrod, and Matthew Shapiro have the ...

Claudia Sahm, Joel Slemrod, and Matthew Shapiro have the baton on the effects of direct payments to people in cushioning the fall in aggregate demand during a recession. There are good reasons to fear that this supply shock induced recession will be different. But at the moment it is the best we got: Claudia Sahm: 'Research on payments to people in recessions... https://twitter.com/Claudia_Sahm/status/1243504127407243266 here are our past papers (with Joel Slemrod [and Matthew Shapiro]): 2008 payments: http://www-personal.umich.edu/~shapiro/papers/w15421.pdf. 2008 payments vs 2009-10 Making Work Pay tax credits: http://www-personal.umich.edu/~shapiro/papers/aejep2012.pdf. 2011-12 payroll tax cut: http://www-personal.umich.edu/~shapiro/papers/PayrollTaxes_SSS.pdf...

#noted #2020-03-27