Has the Paycheck Protection Program Succeeded?
研究了美国薪资保护计划（PPP）是否成功，发现该计划显著提升了小企业的就业、财务健康和生存率。
the Paycheck Protection Program (PPP) was the most ambitious and creative fiscal policy response to the Pandemic Recession in the United States. PPP offers forgivable loans -essentially grants -to businesses with 500 or fewer employees that meet certain requirements. In this paper, we present evidence that PPP has substantially increased the employment, financial health, and survival of small businesses,