How did Americans use their coronavirus stimulus cheques?42% of the money was spent. Another 27% was saved. The remaining 31% was used to repay debts.
Paper by Olivier Coibion, Yuriy Gorodnichenko and Michael Weber
nber.org/papers/w27693
featured in
economist.com/graphic-detail… https://t.co/sVH1pExNb5
RT @LeusderListicle: @adam_tooze Yes the only thing more frightening than the yawning output gap is the attitude of lordly nonchalance
February 26, 2021
RT @LeusderListicle: @adam_tooze Yes the only thing more frightening than the yawning output gap is the attitude of lordly nonchalance towa…