000			01677nab a2200313 c 4500
999			_c142983 _d142983
003			ES-MaIEF
005			20201014133138.0
007			ta
008			201014t2020 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_968453 _aHamilton, Steven
245		2	_aA tale of two wage subsidies _bthe American and Australian fiscal responses to COVID-19 _c Steven Hamilton
260			_c2020
500			_aResumen.
504			_aBibliografía.
520			_aIn July 2020, COVID-19 had been suppressed in Australia but continued to spread across the United States. Both countries instituted lock-downs and fiscal support, but Australia experienced a milder recession, highlighting the role of public health measures in protecting the economy. Cash stimulus is less useful than in a normal recession, justifying wage subsidies encouraging businesses to retain workers. The Australian wage subsidy, delivered via the tax authority, was better targeted, more generous, more accessible, but slower than the American wage subsidy delivered via banks. The experience highlights the need for investments in IRS infrastructure to better prepare for future crises.
650			_aPANDEMIAS _967998
650			_aCORONAVIRUS _967999
650		4	_aPOLITICA ECONOMICA _948066
650		4	_aCRISIS ECONOMICAS _941525
650		4	_aAYUDA ESTATAL _932236
650		4	_aPRESTACIONES SOCIALES _948107
650		4	_aPOLITICA FISCAL _948067
650		4	_aESTADOS UNIDOS _942888
650		4	_aAUSTRALIA _932206
773	0		_9163516 _oOP 233/2020/3 _tNational Tax Journal _w(IEF)86491 _x 0028-0283 _gv. 73, n. 3, September 2020, p. 829-846
942			_cART