VoxEU Webcast
The importance of being earners: Using welfare to deliver a targeted stimulus
Is the welfare state a drain on resources, or should policymakers reframe it as a targeted way to deliver fiscal stimulus in a crisis? Max Mosley argues that evidence from the UK’s targeted welfare payments shows there is a large multiplier effect when we target credit-constrained families.You can read the paper discussed, The Importance of Being Earners: Modelling the Implications of Changes to Welfare Contributions on Macroeconomic Recovery by Max A. Mosley, in issue 82 of CEPR's Covid Economics Papers here
