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in consumption in five key sectors: tourism, hospitality, services, retail, and public transports. We identify a large …-term sectoral consumption shifts may occur. …
Persistent link: https://www.econbiz.de/10012643267
in consumption in five key sectors: tourism, hospitality, services, retail, and public transports. We identify a large …-term sectoral consumption shifts may occur. …
Persistent link: https://www.econbiz.de/10012665880
The Great Recession and the years that followed witnessed a dramatic expansion in the duration of unemployment … states in the UI expansion to estimate the consumption response to extended UI benefits. We estimate that an additional week … of UI increased household consumption by a statistically significant 1.68 percent. Consistent with the hypothesis that …
Persistent link: https://www.econbiz.de/10013019377
Economic policy uncertainty is proven to have an important effect on household consumption. However, the literature on … its transmission mechanism and on comparing the consumption response of urban and rural households, especially in China … consumption, the precautionary saving channel and the investment-employment channel. Then, we use the household survey data (China …
Persistent link: https://www.econbiz.de/10013454412
consumption expenditures evolved during the COVID-19 crisis and beyond. …
Persistent link: https://www.econbiz.de/10015075867
To predict the effects of the 2020 U.S. "CARES" act on consumption, we extend a model that matches responses of … households to past consumption stimulus packages. The extension allows us to account for two novel features of the coronavirus … combination of expanded unemployment insurance benefits and stimulus payments should be sufficient to allow a swift recovery in …
Persistent link: https://www.econbiz.de/10012241286
consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead …
Persistent link: https://www.econbiz.de/10012057290
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 …
Persistent link: https://www.econbiz.de/10012390462
This paper examines how households adjusted their consumption behavior in response to COVID-19 infection risk during … the early phase of the pandemic. We use a monthly consumption survey specifically designed by the German Statistical … Office covering the second wave of COVID-19 infections from September to November 2020. Households reduced their consumption …
Persistent link: https://www.econbiz.de/10014252555
in consumption in five key sectors: tourism, hospitality, services, retail, and public transports. We identify a large …-term sectoral consumption shifts may occur …
Persistent link: https://www.econbiz.de/10013324580