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DTSTAMP:20250909T193010Z
DESCRIPTION:Johannes Haushofer (Princeton) \n	Date: January 20\, 2020\n	Time 
 and Location: 4:00 p.m.\, Leacock 927\n\nAbstract:\n	How large economic sti
 muli generate individual and aggregate responses is a central question in 
 economics\, but has not been studied experimentally. We provided one-time 
 cash transfers of about USD 1000 to over 10\,500 poor households across 65
 3 randomized villages in rural Kenya. The implied fiscal shock was over 15
  percent of local GDP. We find large impacts on consumption and assets for
  recipients. Importantly\, we document large positive spillovers on non-re
 cipient households and firms\, and minimal price inflation. We estimate a 
 local fiscal multiplier of 2.7. We interpret welfare implications through 
 the lens of a simple household optimization framework.\n
DTSTART:20200120T210000Z
DTEND:20200120T223000Z
LOCATION:Leacock 927\, Leacock Building\, CA\, QC\, Montreal\, H3A 2T7\, 85
 5 rue Sherbrooke Ouest
SUMMARY:Johannes Haushofer (Princeton)\, “General equilibrium effects of ca
 sh transfers: experimental evidence from Kenya” 
URL:/economics/channels/event/johannes-haushofer-princ
 eton-general-equilibrium-effects-cash-transfers-experimental-evidence-keny
 a-305559
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