Kim, Meeroo; Oh, Yoon Hae - In: KDI-journal of economic policy 43 (2021) 2, pp. 103-123
This paper examines the impact of the regional cash subsidies which were granted in some districts in addition to the national universal stimulus payment in South Korea related to the COVID-19 pandemic. We evaluate the effects of the cash distribution per resident on aggregate credit and debit...
