The Economic Stimulus Payments of 2008 and the Aggregate Demand for Consumption

Using a survey of households in the Nielsen Consumer Panel and the randomized timing of disbursement of the 2008 Economic Stimulus Payments, we find that a household's spending rose by ten percent the week it received a Payment and remained high cumulating to 1.5-3.8 percent of spending over three

本研究借助尼尔森消费者面板（Nielsen Consumer Panel）的家庭调查数据，结合2008年经济刺激支付（Economic Stimulus Payments）发放的随机时间节点开展分析，结果显示：家庭在收到该笔支付款项当周的消费额增长10%，且高消费态势持续，三周内累计额外消费占总消费的比例达1.5%至3.8%。