Does Consumer Response Boost The Economy Without Causing Debt Or Inflation Problems?
By Laurence S. Seidman and Kenneth A. Lewis Laurence S. Seidman is Chaplin Tyler Professor of Economics at the University of Delaware. He has published numerous articles and books on macroeconomic policy issues. He received his Ph.D. in economics from the University of California- Berkeley and his B.A. from Harvard. Kenneth A. Lewis is Chaplin Tyler Professor of Economics and Director of the Graduate Program of the Department of Economics at the University of Delaware. He has published numerous articles on macroeconomic policy issues. He is Chairman of the Revenue Forecasting Subcommittee of the Delaware Economic and Financial Advisory Council. He received his Ph.D. in economics from Princeton University and his B.A. from Amherst. Is a temporary tax rebate effective and safe as an antirecession policy? Simulations with an empirically tested macroeconometric model are used to estimate the impact of the actual one-time 2001 tax rebate in the United States and of a hypothetical rebate twi
