2022
DOI: 10.31235/osf.io/cnqmr
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Using Managers' Expectations for Ex-ante Policy Evaluation: Evidence from the COVID-19 Crisis

Abstract: Evaluation of the impacts of government policies during an economic crisis is often delayed until the outcomes are realized. Policies can be better guided if they can be evaluated amid a crisis, before the realization of outcomes. This study examines whether survey data on the expectations of small business managers can help evaluate two high-stake subsidies for firms amid the COVID-19 crisis in Japan, namely, Subsidy Program for Sustaining Businesses (SPSB) and Employment Adjustment Subsidy (EAS). We evaluate … Show more

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