国际清算银行：财政刺激计划和家庭预期（英文版）

Fiscal decisions develop through multiple stages of political discussions and lengthy legislative processes. We propose a measure of public attention to fiscal policy news based on Google Trends and investigate the reaction of households’ expectations when attention is highest. We focus on three large U.S. fiscal stimulus plans: the CARES Act, the American Rescue Plan, and the Tax Cuts and Jobs Act. We find that attention peaks when the plan is approved by Congress or signed by the President.