US should extend benefit payments for long lockdown – ECB paper

united-states-capitol
The Capitol in Washington, D.C.

US lawmakers should further extend unemployment benefits if that country undergoes a prolonged lockdown, a working paper published by the European Central Bank finds.

In Modeling the consumption response to the CARES Act, Christopher Carroll, Edmund Crawley, Jiri Slacalek and Matthew White use a model that a model that matches household responses to past consumption stimulus packages. The changes they have made to this model, the authors write, “allows us to account for two novel features of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.