Check in the Mail or More in the Paycheck: Does the Effectiveness of Fiscal Stimulus Depend on How It Is Delivered?
---- Acknowledgements -----
The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Board or the National Bureau of Economic Research. The authors are grateful for discussions with Jonathan Parker, Nicholas Souleles, Eric Engen, Glenn Follette, Daniel Vine, Hilary Hoynes, as well as comments from participants in conferences at the Federal Reserve Board and the Chicago Federal Reserve, the NBER Summer Institute, the BCL/ECB Conference on Household Finance and Consumption, and anonymous referees. We are grateful to Richard Curtin for providing access to interviews and area code identifiers. Paul Vorhees provide excellent research assistance. The Federal Reserve Board supported the data collection for this project. Shapiro gratefully acknowledges the support of the National Institute on Aging grant P01AG026571.