Do Stimulus Checks Actually Stimulate the Economy? | Valerie Ramey

Explains how fiscal multipliers vary with timing and spending type, using evidence on stimulus checks.

Fiscal stimulusexpertaggregate demandempirical macroeconomicsfiscal multipliergovernment spending compositionstimulus checkstimingValerie A. Ramey

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• Hoover Institution · 2026-08-19

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