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MPCs in an economic crisis : spending, saving and private transfers
Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, … - In: Journal of public economics plus 2 (2021), pp. 1-13
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 modest, around 11% on average. They are higher, but still modest, for individuals in households with high current needs....
Persistent link: https://www.econbiz.de/10012800437
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MPCs in an economic crisis : 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 modest, around 11% on average. They are higher, but still modest, for individuals in households with high current needs....
Persistent link: https://www.econbiz.de/10012612848
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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
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MPCs through COVID : spending, saving and private transfers
Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, … - 2021
almost as large as the fraction that report they would increase their spending. This means that targeting direct fiscal …
Persistent link: https://www.econbiz.de/10012427912
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MPCs through COVID: spending, saving and private transfers
Crossley, Thomas F.; Levell, Peter; Low, Hamish; … - 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/10012320156
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Household consumption through recent recessions
Crossley, Thomas F.; Low, Hamish; O'Dea, Cormac - In: Fiscal studies : the journal of the Institute for … 34 (2013) 2, pp. 203-229
Persistent link: https://www.econbiz.de/10010221110
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Special issue on measuring consumption and saving
Crossley, Thomas F. (contributor) - 2009
Persistent link: https://www.econbiz.de/10003969919
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Household consumption through recent recessions
Crossley, Thomas F.; Low, Hamish; O'Dea, Cormac - 2011
This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK … households to increase durable purchases. -- Consumption ; Spending ; Recessions …
Persistent link: https://www.econbiz.de/10009377290
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Household consumption through recent recessions
Crossley, Thomas F.; Low, Hamish; O’Dea, Cormac - 2011
This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK … - had some success in encouraging households to bring forward some durable purchases. -- Consumption ; Spending ; Recessions …
Persistent link: https://www.econbiz.de/10009315614
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Saving on a rainy day, borrowing for a rainy day
Alan, Sule; Crossley, Thomas F.; Low, Hamish - 2012
-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tightening of …
Persistent link: https://www.econbiz.de/10009530241