Universal Cash Transfers and Inflation

IF 1.8 3区经济学 Q2 BUSINESS, FINANCE

National Tax Journal Pub Date : 2022-08-05 DOI:10.1086/720770

Damon Jones, I. Marinescu

引用次数: 2

Abstract

By stimulating consumer spending, unconditional cash transfers may increase price levels. In Alaska, residents have received an unconditional cash transfer every year since 1982: the Alaska Permanent Fund Dividend. We measure the impact of the dividend using a synthetic control method, which matches Alaska with similar states prior to the introduction of the dividend. The method does not find a good control group for Alaska, likely because of unusual inflation dynamics around 1982. While there is suggestive evidence of positive inflation and price effects, much uncertainty remains regarding the causal effect of unconditional cash transfers on Alaskan inflation and prices.

查看原文本刊更多论文

通用现金转移和通货膨胀

通过刺激消费者支出，无条件现金转移可能会提高物价水平。在阿拉斯加，自1982年以来，居民每年都收到无条件的现金转移:阿拉斯加永久基金股息。我们使用一种综合控制方法来衡量股息的影响，该方法将阿拉斯加与引入股息之前的类似州相匹配。该方法没有找到阿拉斯加的良好对照组，可能是因为1982年前后不寻常的通货膨胀动态。虽然有积极的通货膨胀和价格效应的暗示证据，但关于无条件现金转移对阿拉斯加通货膨胀和价格的因果影响仍存在许多不确定性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

National Tax Journal Multiple-

CiteScore

3.40

自引率

11.80%

发文量

期刊介绍： The goal of the National Tax Journal (NTJ) is to encourage and disseminate high quality original research on governmental tax and expenditure policies. Articles published in the regular March, June and September issues of the journal, as well as articles accepted for publication in special issues of the journal, are subject to professional peer review and include economic, theoretical, and empirical analyses of tax and expenditure issues with an emphasis on policy implications. The NTJ has been published quarterly since 1948 under the auspices of the National Tax Association (NTA). Most issues include an NTJ Forum, which consists of invited papers by leading scholars that examine in depth a single current tax or expenditure policy issue. The December issue is devoted to publishing papers presented at the NTA’s annual Spring Symposium; the articles in the December issue generally are not subject to peer review.