This can't be serious?!! https://twitter.com/ChrisRugaber/status/1345842881366544390
Digitized that data for some fun ...
Here's the regression discontinuity — so compelling!
Not bad!
I mean, why isn't the conclusion that the stimulus payments stopped the free fall?
Here's a description of that data where people held back on their in-person spending because they knew that there would be an eventual increase in taxes...lol
The thing is that the focus is entirely on April (red rectangle) — there's a huge amount of data both before and after from Chetty's own project.
By the way, this is how those models turned out from the beginning of the year. Every one except the return to the pre-COVID-19 equilibrium is a reasonable description.

The reasonable ones all give a persistent 6-8% consumer spending gap.
By the way, this is how those models turned out from the beginning of the year. Every one except the return to the pre-COVID-19 equilibrium is a reasonable description.The reasonable ones all give a persistent 6-8% consumer spending gap.
By the way, this is how those models turned out from the beginning of the year. Every one except the return to the pre-COVID-19 equilibrium is a reasonable description.The reasonable ones all give a persistent 6-8% consumer spending gap.
By the way, this is how those models turned out from the beginning of the year. Every one except the return to the pre-COVID-19 equilibrium is a reasonable description.The reasonable ones all give a persistent 6-8% consumer spending gap.
By the way, this is how those models turned out from the beginning of the year. Every one except the return to the pre-COVID-19 equilibrium is a reasonable description.The reasonable ones all give a persistent 6-8% consumer spending gap.
Last time we checked in, we had the same general conclusion: https://twitter.com/infotranecon/status/1319393510810742784
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