Dupor, Bill; Karabarbounis, Marios; Kudlyak, Marianna; … - 2022
spending on consumer spending. Our consumption data come from household-level retail purchases in the Nielsen scanner data and … local non-durable consumer spending by $0.29 and local auto spending by $0.09. We translate the regional consumption … our incomplete markets model from models with complete markets. At the zero lower bound, the aggregate consumption …