Cross-Region Transfers in a Monetary Union : Evidence from the US and Some Implications (English)

US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and earlier permanent Social Security increases. States that received larger transfers tended to grow faster contemporaneously, with a multiplier of around 1.5 for...

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Author

Pennings,Steven Michael;
Document Date
2020/05/12
Document Type
Policy Research Working Paper
Report Number
WPS9244
Volume No
1
Total Volume(s)
1
Country
United States,
Region
Other,
Disclosure Date
2020/05/12
Disclosure Status
Disclosed
Doc Name
Cross-Region Transfers in a Monetary Union : Evidence from the US and Some Implications
Keywords
development research group

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Citation

Pennings,Steven Michael.

Cross-Region Transfers in a Monetary Union : Evidence from the US and Some Implications (English). Policy Research working paper|no. WPS 9244 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/486411589304789870

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Cross-Region Transfers in a Monetary Union : Evidence from the US and Some Implications (English)

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