Paycheck Protection Program: County-Level Determinants and Effect on Unemployment
Author
Abstract
Suggested Citation
DOI: 10.24149/wp2105
Download full text from publisher
References listed on IDEAS
- Bassett, William F. & Lee, Seung Jung & Spiller, Thomas Popeck, 2015.
"Estimating changes in supervisory standards and their economic effects,"
Journal of Banking & Finance, Elsevier, vol. 60(C), pages 21-43.
- William F. Bassett & Seung Jung Lee & Thomas W. Spiller, 2012. "Estimating changes in supervisory standards and their economic effects," Finance and Economics Discussion Series 2012-55, Board of Governors of the Federal Reserve System (U.S.).
- Itamar Drechsler & Alexi Savov & Philipp Schnabl, 2017.
"The Deposits Channel of Monetary Policy,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 132(4), pages 1819-1876.
- Itamar Drechsler & Alexi Savov & Philipp Schnabl, 2016. "The Deposits Channel of Monetary Policy," NBER Working Papers 22152, National Bureau of Economic Research, Inc.
- Alan J. Auerbach & Yuriy Gorodnichenko, 2013.
"Output Spillovers from Fiscal Policy,"
American Economic Review, American Economic Association, vol. 103(3), pages 141-146, May.
- Alan J. Auerbach & Yuriy Gorodnichenko, 2012. "Output Spillovers from Fiscal Policy," NBER Working Papers 18578, National Bureau of Economic Research, Inc.
- Granja, João & Makridis, Christos & Yannelis, Constantine & Zwick, Eric, 2022.
"Did the paycheck protection program hit the target?,"
Journal of Financial Economics, Elsevier, vol. 145(3), pages 725-761.
- João Granja & Christos Makridis & Constantine Yannelis & Eric Zwick, 2020. "Did the Paycheck Protection Program Hit the Target?," Working Papers 2020-52_Revised, Becker Friedman Institute for Research In Economics.
- João Granja & Christos Makridis & Constantine Yannelis & Eric Zwick, 2020. "Did the Paycheck Protection Program Hit the Target?," NBER Working Papers 27095, National Bureau of Economic Research, Inc.
- Glenn Hubbard & Michael R. Strain, 2020.
"Has the Paycheck Protection Program Succeeded?,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 51(3 (Fall)), pages 335-390.
- Hubbard, Glenn & Strain, Michael R., 2020. "Has the Paycheck Protection Program Succeeded?," IZA Discussion Papers 13808, Institute of Labor Economics (IZA).
- R. Glenn Hubbard & Michael R. Strain, 2020. "Has the Paycheck Protection Program Succeeded?," NBER Working Papers 28032, National Bureau of Economic Research, Inc.
- Cynthia L. Doniger & Benjamin S. Kay, 2021. "Ten Days Late and Billions of Dollars Short: The Employment Effects of Delays in Paycheck Protection Program Financing," Finance and Economics Discussion Series 2021-003, Board of Governors of the Federal Reserve System (U.S.).
- Alexander W. Bartik & Marianne Bertrand & Feng Lin & Jesse Rothstein & Matthew Unrath, 2020.
"Measuring the Labor Market at the Onset of the COVID-19 Crisis,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 51(2 (Summer), pages 239-268;316.
- Alexander W. Bartik & Marianne Bertrand & Feng Lin & Jesse Rothstein & Matt Unrath, 2020. "Measuring the labor market at the onset of the COVID-19 crisis," NBER Working Papers 27613, National Bureau of Economic Research, Inc.
- Alexander W. Bartik & Marianne Bertrand & Feng Lin & Jesse Rothstein & Matt Unrath, 2020. "Measuring the Labor Market at the Onset of the COVID-19 Crisis," Working Papers 2020-83, Becker Friedman Institute for Research In Economics.
- Bartik, Alexander & Bertrand, Marianne & Lin, Feng & Rothstein, Jesse & Unrath, Matthew, 2020. "Measuring the labor market at the onset of the COVID-19 crisis," Department of Economics, Working Paper Series qt15k6d98m, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Raj Chetty & John N Friedman & Michael Stepner & Opportunity Insights Team & Camille Baker & Harvey Barnhard & Matt Bell & Gregory Bruich & Tina Chelidze & Lucas Chu & Westley Cineus & Sebi Devlin-Fol, 2024.
"The Economic Impacts of COVID-19: Evidence from a New Public Database Built Using Private Sector Data,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 139(2), pages 829-889.
- Raj Chetty & John N. Friedman & Michael Stepner & The Opportunity Insights Team, 2020. "The Economic Impacts of COVID-19: Evidence from a New Public Database Built Using Private Sector Data," NBER Working Papers 27431, National Bureau of Economic Research, Inc.
- Forsythe, Eliza & Kahn, Lisa B. & Lange, Fabian & Wiczer, David, 2020.
"Labor demand in the time of COVID-19: Evidence from vacancy postings and UI claims,"
Journal of Public Economics, Elsevier, vol. 189(C).
- Lisa B Kahn & Fabian Lange & David Wiczer, 2020. "Labor Demand in the time of COVID-19: Evidence from vacancy postings and UI claims," Department of Economics Working Papers 20-05, Stony Brook University, Department of Economics.
- Lisa B. Kahn & Fabian Lange & David Wiczer, 2020. "Labor Demand in the Time of COVID-19: Evidence from Vacancy Postings and UI Claims," Cahiers de recherche 09-2020, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Eliza Forsythe & Lisa B. Kahn & Fabian Lange & David G. Wiczer, 2020. "Labor Demand in the time of COVID-19: Evidence from vacancy postings and UI claims," NBER Working Papers 27061, National Bureau of Economic Research, Inc.
- Osnat Israeli, 2007. "A Shapley-based decomposition of the R-Square of a linear regression," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 5(2), pages 199-212, August.
- Òscar Jordà, 2005. "Estimation and Inference of Impulse Responses by Local Projections," American Economic Review, American Economic Association, vol. 95(1), pages 161-182, March.
- Baek, ChaeWon & McCrory, Peter B & Messer, Todd & Mui, Preston, 2020. "Unemployment Effects of Stay-at-Home Orders: Evidence from High Frequency Claims Data," Institute for Research on Labor and Employment, Working Paper Series qt042177j7, Institute of Industrial Relations, UC Berkeley.
- repec:aei:rpaper:1008582843 is not listed on IDEAS
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Harasztosi, Péter & Maurin, Laurent & Pál, Rozália & Revoltella, Debora & van der Wielen, Wouter, 2022.
"Firm-level policy support during the crisis: So far, so good?,"
International Economics, Elsevier, vol. 171(C), pages 30-48.
- Péter Harasztosi & Laurent Maurin & Rozália Pál & Debora Revoltella & Wouter van der Wielen, 2022. "Firm-level policy support during the crisis: So far, so good?," International Economics, CEPII research center, issue 171, pages 30-48.
- Harasztosi, Péter & Maurin, Laurent & Pál, Rozália & Revoltella, Debora & Van Der Wielen, Wouter, 2022. "Firm-level policy support during the crisis: So far, so good?," EIB Working Papers 2022/01, European Investment Bank (EIB).
- Kapinos, Pavel, 2021. "Did the Paycheck Protection Program have negative side effects on small-business activity?," Economics Letters, Elsevier, vol. 208(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kapinos, Pavel, 2021. "Did the Paycheck Protection Program have negative side effects on small-business activity?," Economics Letters, Elsevier, vol. 208(C).
- Granja, João & Makridis, Christos & Yannelis, Constantine & Zwick, Eric, 2022.
"Did the paycheck protection program hit the target?,"
Journal of Financial Economics, Elsevier, vol. 145(3), pages 725-761.
- João Granja & Christos Makridis & Constantine Yannelis & Eric Zwick, 2020. "Did the Paycheck Protection Program Hit the Target?," NBER Working Papers 27095, National Bureau of Economic Research, Inc.
- João Granja & Christos Makridis & Constantine Yannelis & Eric Zwick, 2020. "Did the Paycheck Protection Program Hit the Target?," Working Papers 2020-52_Revised, Becker Friedman Institute for Research In Economics.
- Autor, David & Cho, David & Crane, Leland D. & Goldar, Mita & Lutz, Byron & Montes, Joshua & Peterman, William B. & Ratner, David & Villar, Daniel & Yildirmaz, Ahu, 2022.
"An evaluation of the Paycheck Protection Program using administrative payroll microdata,"
Journal of Public Economics, Elsevier, vol. 211(C).
- David Autor & David Cho & Leland D. Crane & Mita Goldar & Byron Lutz & Joshua K. Montes & William B. Peterman & David D. Ratner & Daniel Villar Vallenas & Ahu Yildirmaz, 2022. "An Evaluation of the Paycheck Protection Program Using Administrative Payroll Microdata," NBER Working Papers 29972, National Bureau of Economic Research, Inc.
- Christiane Baumeister & Danilo Leiva-León & Eric Sims, 2024.
"Tracking Weekly State-Level Economic Conditions,"
The Review of Economics and Statistics, MIT Press, vol. 106(2), pages 483-504, March.
- Christiane Baumeister & Danilo Leiva-León & Eric R. Sims, 2021. "Tracking Weekly State-Level Economic Conditions," NBER Working Papers 29003, National Bureau of Economic Research, Inc.
- Christiane Baumeister & Danilo Leiva-Leon & Eric Sims, 2021. "Tracking Weekly State-Level Economic Conditions," Working Papers 202151, University of Pretoria, Department of Economics.
- Christiane Baumeister & Danilo Leiva-León & Eric R. Sims, 2021. "Tracking Weekly State-Level Economic Conditions," CESifo Working Paper Series 9165, CESifo.
- Baumeister, Christiane & Leiva-León, Danilo & Sims, Eric, 2021. "Tracking Weekly State-Level Economic Conditions," CEPR Discussion Papers 16317, C.E.P.R. Discussion Papers.
- Christiane Baumeister & Danilo Leiva-León & Eric Sims, 2021. "Tracking weekly state-level economic conditions," Working Papers 2134, Banco de España.
- Christiane Baumeister & Danilo Leiva-León & Eric Sims, 2021. "Tracking weekly state-level economic conditions," CAMA Working Papers 2021-55, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Larrimore, Jeff & Mortenson, Jacob & Splinter, David, 2022.
"Earnings shocks and stabilization during COVID-19,"
Journal of Public Economics, Elsevier, vol. 206(C).
- Jeff Larrimore & Jacob Mortenson & David Splinter, 2021. "Earnings Shocks and Stabilization During COVID-19," Finance and Economics Discussion Series 2021-052, Board of Governors of the Federal Reserve System (U.S.).
- Sriya Anbil & Mark A. Carlson & Mary-Frances Styczynski, 2021. "The Effect of the PPPLF on PPP Lending by Commercial Banks," Finance and Economics Discussion Series 2021-030, Board of Governors of the Federal Reserve System (U.S.).
- Sumedha Gupta & Kosali I. Simon & Coady Wing, 2020. "Mandated and Voluntary Social Distancing During The COVID-19 Epidemic: A Review," NBER Working Papers 28139, National Bureau of Economic Research, Inc.
- Wix, Carlo, 2017.
"The long-run real effects of banking crises: Firm-level investment dynamics and the role of wage rigidity,"
SAFE Working Paper Series
189, Leibniz Institute for Financial Research SAFE.
- Carlo Wix, 2023. "The Long-Run Real Effects of Banking Crises: Firm-Level Investment Dynamics and the Role of Wage Rigidity," Finance and Economics Discussion Series 2023-019, Board of Governors of the Federal Reserve System (U.S.).
- Xiaobing Shuai & Christine Chmura & James Stinchcomb, 2021. "COVID-19, labor demand, and government responses: evidence from job posting data," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 56(1), pages 29-42, January.
- Borja Gambau & Juan C. Palomino & Juan G. Rodríguez & Raquel Sebastian, 2022.
"COVID-19 restrictions in the US: wage vulnerability by education, race and gender,"
Applied Economics, Taylor & Francis Journals, vol. 54(25), pages 2900-2915, May.
- Gambau, Borja & C. Palomino, Juan & G. Rodríguez, Juan & Sebastian, Raquel, 2021. "COVID-19 restrictions in the US: wage vulnerability by education, race and gender," INET Oxford Working Papers 2021-11, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
- Borja Gambau & Juan C. Palomino & Juan G. Rodríguez & Raquel Sebastian, 2021. "COVID-19 restrictions in the US: wage vulnerability by education, race and gender," Documentos de Trabajo del ICAE 2021-08, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
- Péter Harasztosi & Laurent Maurin & Rozália Pál & Debora Revoltella & Wouter van der Wielen, 2022.
"Firm-level policy support during the crisis: So far, so good?,"
International Economics, CEPII research center, issue 171, pages 30-48.
- Harasztosi, Péter & Maurin, Laurent & Pál, Rozália & Revoltella, Debora & van der Wielen, Wouter, 2022. "Firm-level policy support during the crisis: So far, so good?," International Economics, Elsevier, vol. 171(C), pages 30-48.
- Harasztosi, Péter & Maurin, Laurent & Pál, Rozália & Revoltella, Debora & Van Der Wielen, Wouter, 2022. "Firm-level policy support during the crisis: So far, so good?," EIB Working Papers 2022/01, European Investment Bank (EIB).
- Gustavo Joaquim & J. Christina Wang, 2022. "What Do 25 Million Records of Small Businesses Say about the Effects of the PPP?," Working Papers 22-23, Federal Reserve Bank of Boston.
- David Autor & David Cho & Leland D. Crane & Mita Goldar & Byron Lutz & Joshua Montes & William B. Peterman & David Ratner & Daniel Villar & Ahu Yildirmaz, 2022.
"The $800 Billion Paycheck Protection Program: Where Did the Money Go and Why Did It Go There?,"
Journal of Economic Perspectives, American Economic Association, vol. 36(2), pages 55-80, Spring.
- David Autor & David Cho & Leland D. Crane & Mita Goldar & Byron Lutz & Joshua K. Montes & William B. Peterman & David D. Ratner & Daniel Villar Vallenas & Ahu Yildirmaz, 2022. "The $800 Billion Paycheck Protection Program: Where Did the Money Go and Why Did it Go There?," NBER Working Papers 29669, National Bureau of Economic Research, Inc.
- Horvath, Akos & Kay, Benjamin & Wix, Carlo, 2023. "The COVID-19 shock and consumer credit: Evidence from credit card data," Journal of Banking & Finance, Elsevier, vol. 152(C).
- Brad J. Hershbein & Harry J. Holzer, 2021.
"The COVID-19 Pandemic's Evolving Impacts on the Labor Market: Who's Been Hurt and What We Should Do,"
Upjohn Working Papers
21-341, W.E. Upjohn Institute for Employment Research.
- Hershbein, Brad J. & Holzer, Harry J., 2021. "The COVID-19 Pandemic's Evolving Impacts on the Labor Market: Who's Been Hurt and What We Should Do," IZA Discussion Papers 14108, Institute of Labor Economics (IZA).
- Bennedsen, Morten & Larsen, Birthe & Schmutte, Ian M. & Scur, Daniela, 2023. "The effect of preserving job matches during a crisis," Labour Economics, Elsevier, vol. 84(C).
- Humphries, John Eric & Neilson, Christopher A. & Ulyssea, Gabriel, 2020.
"Information frictions and access to the Paycheck Protection Program,"
Journal of Public Economics, Elsevier, vol. 190(C).
- John Eric Humphries & Christopher Neilson & Gabriel Ulyssea, 2020. "Information Frictions and Access to the Paycheck Protection Program," Cowles Foundation Discussion Papers 2247, Cowles Foundation for Research in Economics, Yale University.
- Christopher Neilson & John Eric Humphries & Gabriel Ulyssea, 2020. "Information Frictions and Access to the Paycheck Protection Program," Working Papers 643, Princeton University, Department of Economics, Industrial Relations Section..
- Christopher Neilson & John Eric Humphries & Gabriel Ulyssea, 2020. "Information Frictions and Access to the Paycheck Protection Program," NBER Working Papers 27624, National Bureau of Economic Research, Inc.
- Akos Horvath & Benjamin S. Kay & Carlo Wix, 2021. "The COVID-19 Shock and Consumer Credit: Evidence from Credit Card Data," Finance and Economics Discussion Series 2021-008, Board of Governors of the Federal Reserve System (U.S.).
- Allen N. Berger & Onesime Epouhe & Raluca Roman, 2021. "A Tale of Two Bailouts: Effects of TARP and PPP on Subprime Consumer Debt," Working Papers 21-32, Federal Reserve Bank of Philadelphia.
- Anna Cororaton & Samuel Rosen, 2021. "Public Firm Borrowers of the U.S. Paycheck Protection Program [The risk of being a fallen angel and the corporate dash for cash in the midst of COVID]," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 10(4), pages 641-693.
More about this item
Keywords
COVID-19; Paycheck Protection Program; Local Projections; Unemployment Rate;All these keywords.
JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
NEP fields
This paper has been announced in the following NEP Reports:- NEP-LAB-2021-05-17 (Labour Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:feddwp:91564. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Amy Chapman (email available below). General contact details of provider: https://edirc.repec.org/data/frbdaus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.