Consumer Spending and the Economic Stimulus Payments of 2008

Belsie, Laurent
June 2011
NBER Digest;Jun2011, p1
The article discusses the working paper "Consumer Spending and the Economic Stimulus Payments of 2008," by Jonathan Parker which analyzed where consumers spent the U.S. government's 2008 economic stimulus payments. The federal government granted 100 billion U.S. dollars to 130 million taxpayers which the authors said increased personal consumption expenditures between 1.3 and 2.3 percent during the second quarter of 2008. Details of the methods used by the authors to gather data are discussed.


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