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stimulus: Want to stimulate consumer spending? Send people a check.
- 09/07/10 12:33 PM
Long-time readers of this blog know that I'm fascinating by the ability of tax policy to affect incentives and cause people to do things differently. I've blogged in the past about the impact of taxes several times ("Did the 2008 tax cuts work?", "US economic stimulus package stimulated us", and "Why I doubt the tax refund will help the economy").
When politicians debate whether to implement stimulus programs, they usually focus on "how much" and "to whom?". But they rarely focus on the simple "how?". Rarely in the social sciences does history prevent a good opportunity for an A/B test for … (2 comments)
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stimulus: US economic stimulus package stimulated us
- 08/28/08 06:26 AM
A few months ago, I explained why I doubted that the handout, er I mean the "federal government tax refund stimulus package", would help the economy. Well now we have data to see if I was right or not.
Turns out I was wrong. Sort of.
I speculated that consumers would do what they said they would do with the extra dough: pay down bills (42%) and save it (21%). That's where I went astray. You should never believe the American consumer when he says that he's going to save money. Apparently when a pollster asks us what we're going to … (1 comments)
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Long-time readers of this blog know that I'm fascinating by the ability of tax policy to affect incentives and cause people to do things differently. I've blogged in the past about the impact of taxes several times ("Did the 2008 tax cuts work?", "US economic stimulus package stimulated us", and "Why I doubt the tax refund will help the economy").
;)
;)
;)
