in the 2.1-4.7% range, in line with econometric estimates that use housing wealth and consumption realizations. However … positive or negative wealth shocks. The relation between the MPC from wealth shocks and cash-on-hand is negative, consistent …

wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital … to consume with respect to housing and financial wealth are 1 and 3.3 percentage points, respectively. In addition, those … wealth shocks, splitting the sample between households who think that the stock market is likely to recover in a year's time …

wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital … to consume with respect to housing and financial wealth are 1 and 3.3 percentage points, respectively. In addition, those … wealth shocks, splitting the sample between households who think that the stock market is likely to recover in a year's time …

wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital … to consume with respect to housing and financial wealth are 1 and 3.3 percentage points, respectively. In addition, those … wealth shocks, splitting the sample between households who think that the stock market is likely to recover in a year’s time …

wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital … to consume with respect to housing and financial wealth are 1 and 3.3 percentage points, respectively. In addition, those … wealth shocks, splitting the sample between households who think that the stock market is likely to recover in a year's time …

wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital … to consume with respect to housing and financial wealth are 1 and 3.3 percentage points, respectively. In addition, those … wealth shocks, splitting the sample between households who think that the stock market is likely to recover in a year's time …

capital losses in housing and financial wealth, and that 5% of respondents lost their job during the Great Recession. As a … wealth, the estimated drop in household expenditure is about 0.56% and 0.9%, respectively. In addition, those who became … unemployed reduced spending by 10%. We also distinguish the effect of perceived transitory and permanent wealth shocks, splitting …

wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital … to consume with respect to housing and financial wealth are 1 and 3.3 percentage points, respectively. In addition, those … wealth shocks, splitting the sample between households who think that the stock market is likely to recover in a year’s time …

wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital … to consume with respect to housing and financial wealth are 1 and 3.3 percentage points, respectively. In addition, those … wealth shocks, splitting the sample between households who think that the stock market is likely to recover in a year's time …

wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital … to consume with respect to housing and financial wealth are 1 and 3.3 percentage points, respectively. In addition, those … wealth shocks, splitting the sample between households who think that the stock market is likely to recover in a year’s time …