How Did COVID-19 and Stabilization Policies Affect Spending and Employment? A New Real-Time Economic Tracker Based on Private Sector Data
Using real time anonymized data from private companies, this paper focuses on the ripple effects of a sharp decrease in spending by high-income households on both small businesses and low-income workers.
Raj Chetty et al., National Bureau of Economic Research Working Paper No. 27431
June, 2020