When Should Public Programs be Privately Administered? Theory and Evidence from the Paycheck Protection Program
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What happens when public resources are allocated by private companies whose objectives may be imperfectly aligned with policy goals? We study this question in the context of the Paycheck Protection Program (PPP), which relied on private banks to disburse aid to small businesses rapidly. Our model
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美国国家经济研究局创建时间：
2020-08-01
