How Individuals Respond to a Liquidity Shock: Evidence from the 2013 Government Shutdown
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https://www.nber.org/papers/w21025
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Using comprehensive account records, this paper examines how individuals adjusted spending and saving in response to a temporary drop in liquidity due to the 2013 U.S. government shutdown. The shutdown cut paychecks by 40% for affected employees, which was recovered within 2 weeks. Because the
提供机构:
美国国家经济研究局
创建时间:
2015-03-01



