Research by U-M Economics professors Matthew Shapiro and Joel Slemrod, alongside alum Claudia Sahm (Ph.D. '07) of the Washington Center for Equitable Growth, estimate the effects of the 2008 tax rebate. Featured in the The Wall Street Journal article 'Economic-Stimulus Checks Differ From Past Intervention,' Professors Shapiro and Slemrod discuss how these estimates help understand the likely consequences of the rebates that are part of the coronavirus relief bill enacted by Congress in March.