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Cash for Corollas: When Stimulus Reduces Spending

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NBER2014-07-01 更新2025-01-04 收录
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The 2009 Cash for Clunkers program aimed to stimulate consumer spending in the new automobile industry, which was experiencing disproportionate reductions in demand and employment during the Great Recession. Exploiting program eligibility criteria in a regression discontinuity design, we show nearly

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2014-07-01
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