Tootfinder

Spending Behavior and Economic Impacts of Urban Digital Consumption Vouchers
Ming-Huan Liou, Shou-Yung Yin, Hsiang-Wen Mao
https://arxiv.org/abs/2506.01385

Spending Behavior and Economic Impacts of Urban Digital Consumption Vouchers
This paper evaluates the Taipei Bear Vouchers 2.0 program using verified user-level survey data and a regional input-output model to assess the effectiveness of consumption vouchers as a fiscal stimulus tool. We focus on three key behavioral mechanisms: expenditure substitution, induced consumption, and the intensity of treatment through varying voucher face values. Our findings show that voucher effectiveness differs by type. Accommodation vouchers stimulate the most additional spending due to…

This https://arxiv.org/abs/2405.16643 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_eco…

The Hamilton-Jacobi-Bellman Equation in Economic Dynamics with a Non-Smooth Fiscal Policy
We consider a class of economic growth models that includes the classical Ramsey--Cass--Koopmans capital accumulation model and verify that, under several assumptions, the value function of the model is the unique viscosity solution to the Hamilton--Jacobi--Bellman equation. Moreover, we discuss a solution method for these models using differential inclusion, where the subdifferential of the value function plays an important role. Next, we present an assumption under which the value function is…