H30

George-Marios Angeletos · Chen Lian · Christian K. Wolf

The paper asks whether a government can run a deficit today — issuing “stimulus checks” — and allow debt to return to its initial level without any future tax hike or spending cut. In …

Alan J Auerbach · Yuriy Gorodnichenko · Daniel Murphy

This paper estimates the distributional and social consequences of Department of Defense (DOD) contract spending using a city-level (CBSA) panel dataset spanning 2005–2016. The research question is …