Spending impact of COVID-19 stimulus payments: Evidence from card transaction data in South Korea
Various countries have implemented transfer programs to individuals since the Covid-19 outbreaks. However, the extent to which such transfers alleviate economic recessions is unclear. This paper analyzes a South Korean program, which provided vouchers redeemable only at small local businesses. We fi...
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Main Authors: | KIM, KOH, Kanghyock, LYOU, Wonjun |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2020
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Online Access: | https://ink.library.smu.edu.sg/soe_research/2441 https://ink.library.smu.edu.sg/context/soe_research/article/3440/viewcontent/dp13567.pdf |
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Institution: | Singapore Management University |
Language: | English |
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