Consumer Spending and the Economic Stimulus Payments of 2008
利用消费者支出调查数据和支付发放时间的随机性，测量2008年经济刺激支付对家庭支出的影响，发现非耐用品支出增加12-30%，加上耐用品后总支出增加50-90%。
We measure the change in household spending caused by receipt of the economic stimulus payments of 2008, using questions added to the Consumer Expenditure Survey and variation from the randomized timing of disbursement. Households spent 12–30 percent (depending on specification) of their payments on nondurable goods during the three-month period of payment receipt, and a significant amount more on durable goods, primarily vehicles, bringing the total response to 50–90 percent of the payments. The responses are substantial and significant for older, lower-income, and home-owning households. Spending does not vary significantly with the method of disbursement (check versus electronic transfer).