The Effects of Fiscal Stimulus: Evidence from the 2009 'Cash for Clunkers' Program
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A key rationale for fiscal stimulus is to boost consumption when aggregate demand is perceived to be inefficiently low. We examine the ability of the government to increase consumption by evaluating the impact of the 2009 "Cash for Clunkers" program on short and medium run auto purchases. Our
财政刺激的核心逻辑在于，当总需求被认为处于低效低位时，通过刺激来提振消费。我们通过评估2009年“旧车换现金”计划对汽车购买的短期及中期影响，考察政府提升消费的能力。我们的
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美国国家经济研究局创建时间：
2010-09-01
