Can Stimulus Checks Boost an Economy Under Covid-19? Evidence from South Korea
Can Stimulus Checks Boost an Economy Under Covid-19? Evidence from 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 find that, due to the program, over 30% of …