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2019 (COVID-19) shock. Design/methodology/approach - The authors use Michigan's monthly Consumer Sentiment Index and its … recovery and guidance for policymakers on ways to contain the COVID-19 shock negative impacts on the economy by restoring …
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Recessions and expansions are often caused or reinforced by developments in private consumption - the largest component of aggregate demand - which, as a result, varies over the business cycle. As such, an accurate measurement of the cyclical component of consumption and an understanding of its...
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