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Reported Effects versus Revealed-Preference Estimates: Evidence from the Propensity to Spend Tax Rebates

By Jonathan A. Parker and Nicholas S. Souleles

American Economic Review: Insights, December 2019

We evaluate the consistency of two methods for estimating the effect of an economic policy: (i) asking people how the policy caused them to change their behavior (reported effects) and (ii) inferring this change using data on behavior and differences in t...

The Future of the Global Economy: Integration or Fragmentation?

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Marriott Marquis, Marquis Ballroom B Chair: David Lipton, First Deputy Managing Director, IMF Panelists: Adam Posen, President of Peterson Institute for International Economics; Yiping Huang, China Center for Economic Research, Peking Univ; Kristin J. Forbes, Jerome and Dorothy Lemelson Professor of Management and Global Economics, MIT; Jay Shambaugh, Professor of Economics and International Affairs, Elliott School of International Affairs, George Washington Univ and Brookings Institution