Takashi Unayama

Hitotsubashi University

Tokyo, 186-8601

Japan

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Scholarly Papers (1)

1.

Winners, Losers, and Near-Rationality: Heterogeneity in the MPC out of a Large Stimulus Tax Rebate

RIETI Discussion Paper, No. 20-E-067.
Number of pages: 60 Posted: 24 Sep 2020
Cameron LaPoint and Takashi Unayama
Yale School of Management and Hitotsubashi University
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Abstract:

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fiscal stimulus, tax rebate, marginal propensity to consume, near-rationality, housing price cycles, liquidity constraints