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The Politics of the Paycheck Protection Program

Author

Listed:
  • Deniz Igan

    (International Monetary Fund and CEPR, 700 19th Street NW, Washington, DC, 20431, United States)

  • Thomas Lambert

    (Erasmus University)

  • Prachi Mishra

    (Department of Economics and the Isaac Center for Public Policy, Ashoka University)

  • Eden Zhang

    (Monash University)

Abstract

Does partisanship influence loan allocation through the Paycheck Protection Program (PPP)? We examine the 2020 Presidential campaign contributions by lenders’ employees as a measure of partisanship and leverage the staggered rollout of the PPP under both Trump and Biden administrations to address this question post 2013.

Suggested Citation

  • Deniz Igan & Thomas Lambert & Prachi Mishra & Eden Zhang, 2024. "The Politics of the Paycheck Protection Program," Working Papers 134, Ashoka University, Department of Economics.
    • Handle: RePEc:ash:wpaper:134
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    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts

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