We estimate the unconditional distribution of the marginal propensity to consume (MPC) using clustering regression …

. We apply the estimator to the 2008 tax rebate and household consumption data, exploiting the randomized timing of … disbursements. We find a considerable degree of heterogeneity in MPCs, which varies by consumption good, and provide evidence on … results suggest that the partial equilibrium consumption response to the stimulus was twice as large as what is implied by …

households’ consumption expenditures and their perceived pass-through of the tax change into prices to quantify its effects. The … consumption spending by 34 billion Euros. …

distinguishing between consumption theories. Asking households about their intended spending under various scenarios, we find that 1 …

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 …

aggregate consumption for longer. …