Stimulus Checks: Did They Actually Work?
Slides
Check amounts climb across the deck, $600 in 2008, $1,200 in 2020, $1,400 in 2021, before the multiplier formula turns MPC into a real number, 2.5 at an MPC of 0.6. A savings rate spiking to 33 percent is set against child poverty cut from 9.7 to 5.2 percent on the closing slides.

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