Must-Read: Claudia R. Sahm, Matthew D. Shapiro, and Joel Slemrod: Balance-Sheet Households and Fiscal Stimulus: Lessons from the Payroll Tax Cut and Its Expiration: “Balance-sheet repair drove the response of a significant fraction of households… …to fiscal stimulus following the Great Recession. By combining survey, behavioral, and time-series evidence on the 2011 payroll tax cut … Continue reading Must-Read: Claudia R. Sahm, Matthew D. Shapiro, and Joel Slemrod: Balance-Sheet Households and Fiscal Stimulus: Lessons from the Payroll Tax Cut and Its Expiration