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Acts of Congress and COVID-19: A Literature Review on the Impact of Increased Unemployment Insurance Benefits and Stimulus Checks

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Abstract

Congress passed the first COVID-19 relief package for businesses and individuals in March 2020, when the Coronavirus Aid, Relief and Economic Security (CARES) Act was enacted, providing, among other things, one-time stimulus checks for individuals, extended unemployment insurance (UI) benefits, relief for state and local governments, liability protection, and the Paycheck Protection Program for small-business loan forgiveness.

Suggested Citation

  • Elena Falcettoni & Vegard Nygaard, 2021. "Acts of Congress and COVID-19: A Literature Review on the Impact of Increased Unemployment Insurance Benefits and Stimulus Checks," FEDS Notes 2021-02-24-2, Board of Governors of the Federal Reserve System (U.S.).
  • Handle: RePEc:fip:fedgfn:2021-02-24-2
    DOI: 10.17016/2380-7172.2848
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    File URL: https://www.federalreserve.gov/econres/notes/feds-notes/acts-of-congress-and-covid-19-unemployment-insurance-benefits-and-stimulus-checks-20210224.htm
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    File URL: https://libkey.io/10.17016/2380-7172.2848?utm_source=ideas
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    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Economic policy > Household support > CARES Act

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    Cited by:

    1. Nygaard, Vegard M. & Sørensen, Bent E. & Wang, Fan, 2022. "Optimal allocations to heterogeneous agents with an application to stimulus checks," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).
    2. Anantha Divakaruni & Peter Zimmerman, 2021. "Uncovering Retail Trading in Bitcoin: The Impact of COVID-19 Stimulus Checks," Working Papers 21-13, Federal Reserve Bank of Cleveland.
    3. Stefanie Stantcheva, 2022. "Inequalities in the Times of a Pandemic," NBER Working Papers 29657, National Bureau of Economic Research, Inc.

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