We need skepticism. For one thing it has caused Beijing increasing worry about the risks of continuing to extend the stimulus package, to the point where they are now making serious noises about cutting back. My biweeklycolumnin today’sSouth China Morning Postargues that in spite of the dama...
For items showing regression output in dollar response rather than marginal propensity to consume,FederalTaxRefundτi,θ represents an indicator that the federal tax refund for householdiin year τ occurred in week θ; likewise for dollar response results for households making ...
Treasury Secretary Janet Yellen suggested that the mechanism for the money, which would include a third round of stimulus checks worth $1,400, would be finalized by Congress within the next few weeks.
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