estimates the impact of the Covid-19 crisis on consumption. The panel provides, each month, household-specific indicators of the … concern causes a significant reduction in nondurable consumption. The paper also explores the potential impact on consumption … of government interventions and of another wave of Covid-19, using household-level consumption adjustments to scenarios …

in consumption in five key sectors: tourism, hospitality, services, retail, and public transports. We identify a large … confidence shock in the Southern European countries and a shift in consumer preferences in the Northern Eu-ropean countries …-term sectoral consumption shifts may occur. …

in consumption in five key sectors: tourism, hospitality, services, retail, and public transports. We identify a large … confidence shock in the Southern European countries and a shift in consumer preferences in the Northern European countries …-term sectoral consumption shifts may occur. …

the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to … expectations of future income and consumption growth rates. We investigate whether these expectations suffice to explain the shifts … in the consumption-income ratio that occur during disaster periods or whether, on the other hand, consumers become more …

We review early evidence on how household consumption behavior has evolved over the pandemic and how different groups …