First Workshop on Direct Stimulus Payments to Individuals in the Covid-19 Pandemic 24th May 2022

    We are delighted to announce the full programme for our first workshop as part of the project  “Direct Stimulus Payments to Individuals in the Covid-19 Pandemic”, a virtual event to take place on Tuesday 24th May 2022, below. This project is led by Professors Plutarchos Sakellaris from Athens University of Economics and Business, and Christos Kotsogiannis from the Tax Administration Research Centre, University of Exeter Business School. It is supported by the Hellenic Foundation for Research and Innovation and runs from November 2021 to November 2022. 

    You can watch this event here.

    Please note that:

    •  The timings below are all in EDT (Eastern Daylight Time)
    • The workshop will follow the 30-20-10 rule: 29 minutes for presentation, 20 minutes for discussion and 10 minutes for general discussion. 

    Please follow this link to register.

    08:50 - 09:00 EDT

     Welcome and housekeeping

    09:00 - 10:00 EDT

    Paper 1:
    Household Spending Responses to the Economic Impact Payments of 2020: Evidence from the Consumer Expenditure Survey,
    (Jonathan Parker [MIT], Jake Schild [BLS], Laura Erhard [BLS], David Johnson [ISR University of Michigan])

    Discussant: Claudia Sahm (SAHM Consulting)

    10:00 - 11:00 EDT

    Paper 2:
    Heterogeneity in the Marginal Propensity to Consume Before and During the COVID-19 Pandemic: Evidence from a Lottery and Administrative Data,
    (Plutarchos Sakellaris [Athens University of Economics and Business] and Christos Kotsogiannis [University of Exeter, TARC]

    Discussant: Davide Melcangi (Federal Reserve Bank of New York)

    11:00 -11:15
    EDT

    BREAK

    11:15 - 12:15 EDT

    Paper 3:
    'The Marginal Propensity to Consume in Heterogeneous Agent Models'
    (Giovanni Violante [Princeton University] and Greg Kaplan [University of Chicago])

    Discussant: Xavier Mateos-Planas (Queen Mary University of London)

    12:15 - 13:15 EDT

    Paper 4:
    'Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments,' 
    (Scott Baker [Northwestern University], R.A. Farrokhnia [Columbia Business School], Steffen Meyer [University of Southern Denmark], Michaela Pagel [Columbia Business School] and Constantine Yiannelis [University of Chicago Booth School of Business]) 

    Discussant:  Dimitris Georgarakos. (European Central Bank)

    13:15 EDT

    Closing remarks

    The project includes 2 other events, to be held in the coming months:

    • Policymaker Round Table, 30th June 2022 
    • Half day event with a round table discussion and presentations - format tbc
    • Academic Workshop, 25th August 2022
      Virtual event, with presentations by invitation and through a Call for Papers.