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MPCs through COVID : spending, saving and private transfers

Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, … - 2020

MPCs were directly elicited from a representative sample of UK adults in July 2020. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These low MPCs may be a consequence of the prevailing economic uncertainty....

Persistent link: https://www.econbiz.de/10012304942

MPCs through COVID : spending, saving and private transfers

Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, … - 2021

MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These...

Persistent link: https://www.econbiz.de/10012427912

The role of MPC heterogeneity for fiscal and monetary policy in the Euro Area

Albacete, Nicolas; Fessler, Pirmin; Pekanov, Atanas - 2024

- we employ data of 22 European countries to assess the role of heterogeneity of the marginal propensity to consume (MPC …) for fiscal policy in the Euro area. We document an average MPC of 0.46 in the Euro area and illustrate its heterogeneity … (empirically measured heterogeneity of) MPC affects fiscal policy and makes it more effective in stimulating GDP growth than under …

Persistent link: https://www.econbiz.de/10014486919

The dietary impact of the COVID-19 pandemic

O'Connell, Martin; Smith, Kate; Stroud, Rebekah - 2021

The COVID-19 pandemic has led to significant changes in where people work, eat and socialise. We use novel data on the food and non-alcoholic drink purchases from stores, takeaways, restaurants and other outlets to quantify the impact of the pandemic on the diets of a large, representative panel...

Persistent link: https://www.econbiz.de/10012583582

High-frequency changes in shopping behaviours, promotions, and measures of inflation : evidence from the Great Lockdown

Jaravel, Xavier; O'Connell, Martin - 2020

We use real-time scanner data in Great Britain during the COVID-19 pandemic to investigate the drivers of the inflationary spike at the beginning of lockdown and to quantify the impact of high-frequency changes in shopping behaviours and promotions on inflation measurement. Although changes in...

Persistent link: https://www.econbiz.de/10012293184

Economic impacts of a supporting scheme on domestic energy consumption in Bolivia : a quasi-experimental approach

Nogales, Ricardo; Alcaraz, Andrea; López Soto, David; … - 2023

The Bolivian government fostered an electricity cost supporting scheme to attenuate the effect of the nationwide full lockdown on domestic consumption during the COVID-19 pandemic. This paper evaluates its effect on the levels of energy consumption during lockdown, and the monetary savings it...

Persistent link: https://www.econbiz.de/10014458976

The enemployment subsidy program in Colombia : an assessment

Medina, Carlos; Núñez Méndez, Jairo; Tamayo, Jorge … - 2013

This paper assesses the effects of the Colombian Unemployment Subsidy (US), which includes benefits as well as training for some recipients. Using regression discontinuity and matching differences-in-differences estimators, the study finds that participation in the labor market, earnings of...

Persistent link: https://www.econbiz.de/10010246462