In recent years, and during Covid-19 in particular, many countries have experimented with innovative approaches to fiscal stimulus. This column reports on an experiment in France in which individuals were given a debit card tied to a new bank account with an initial balance of €300, but with differing conditions. While certain groups, such as lower-income households, showed somewhat higher spending responses, the differences in spending caused by card design were much larger than differences

Tag-uri: Coronavirus