Experience Stern | News & Events

Excerpt from Bloomberg View -- "Xavier Gabaix of New York University, for example, has been experimenting with one that seeks to account for human limitations in foreseeing the future and adjusting their behavior. One important insight: Because people don’t actually smooth their consumption perfectly over the life cycle, fiscal stimulus or 'helicopter drops of money' really can get them to spend more and help pull an economy out of recession."

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