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. …

households to past consumption stimulus packages. The extension allows us to account for two novel features of the coronavirus …To predict the effects of the 2020 U.S. "CARES" act on consumption, we extend a model that matches responses of … likely be necessary if consumption spending is to recover. …

In response to the coronavirus (Covid-19) pandemic, there has been a complementary approach to monetary and fiscal …

. Fifth, we find evidences that housing prices shock decreases consumption inequality while financial wealth shocks have a …, income and consumption. We use panel regressions and an instrumental variable approach. First, our panel-based MPC estimates … the reaction to losses versus gains. Fourth, higher MPC is obtained for the two main consumption expenditure categories …

We study the cyclical dynamics of consumption in the euro area (EA) and the large EA countries by distinguishing … cross-country heterogeneity in how different factors (including durable-specific ones) explain consumption; (iii) the … strength of spillovers from durable to nondurable consumption, as predicted by theory, is empirically correlated with how much …

We estimate the consumption response of Italian households to the "Euro80 tax bonus" intro-duced in 2014, using the … their monthly consumption of food and means of transportation by about Euro20 and Euro30, respectively, about 50-60 per cent … mechanism behind our results we then simulate an overlapping generations model of household consumption: the marginal propensity …

How do households adjust to a large debt shock? This paper studies household responses to a revaluation of foreign … debtors reduce consumption expenditures approximately one-for-one with increased debt service, suggesting binding liquidity …