, the paper analyzes the impact of a monetary policy shock on households' current consumption and durable expenditures … depends on their debt and income levels. In particular, households with higher debt tend to reduce their current consumption …

We attempt to disentangle income and wealth effects on consumption by disaggregating both the different types of income … and wealth. We estimate a consumption function for a panel of quarterly data for 14 advanced economies spanning 1998 to … 2012, using an error correction specification. We find a significant long-term relation between consumption and the …

household consumption behavior across the world. This paper provides an empirical investigation of how the COVID-19 vaccine … significant positive effect on private consumption. Second, other policy responses to the pandemic—designed to contain the spread …

by sharp contractions in manufacturing and services (sectoral dimension), and consumption (demand dimension). Second …

This paper is the first comprehensive empirical study of earnings, income, and consumption inequality in urban China … increase in economic inequality for the sample period. The paper finds that consumption inequality closely tracks income …

, and total net worth) on consumption. The study uses longitudinal household-level data -- from the Panel Study of Income …