Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168230
Authors: 
Aisbett, Emma
Brueckner, Markus
Steinhauser, Ralf
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Fiscal Policy D07-V3
Abstract: 
In 2009 the Australian government delivered $8 billion in direct payments to households. These payments were pre-announced and randomly allocated over a 5-week period. We exploit this random allocation to estimate the causal response of households consumption expenditures. While we don't find a effect on consumption expenditures at the time of transfer we find a small, albeit statistically significant increase in consumption expenditures at the time of the announcement of the fiscal stimulus.
JEL: 
E62
Document Type: 
Conference Paper

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