loss. We find that an unexpected job loss leads to a negative consumption response, while this effect is muted for workers … with ex-ante job loss expectations - consistent with the Permanent Income Hypothesis. The negative consumption response to … lower levels of liquid wealth. This supports the notion that the persistence of the unemployment shock is an important …

services, Foreign Direct Investment . net inflows, savings). Part four highlights the results of the research alongside other … means of two catalytic factors: the dynamics of the domestic credit, respectively that of the savings, variables with a …

change the amount of their expenses. Most of the surveyed people increased their savings during the pandemic. Poles more …