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Accelerator or Brake? Cash for Clunkers, Household Liquidity, and Aggregate Demand

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NBER2016-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22878
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We evaluate the Car Allowance Rebate System (CARS) by comparing the vehicle purchases and disposals of households with eligible clunkers to those of households with similar, but ineligible, vehicles. We find that CARS caused roughly 500,000 purchases during the program period and that the liquidity
提供机构:
美国国家经济研究局
创建时间:
2016-12-01
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