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MPCs in an economic crisis : spending, saving and private transfers

Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, … - In: Journal of public economics plus 2 (2021), pp. 1-13

aggregate MPC out of a stimulus payment need not equal the population-average MPC. …

Persistent link: https://www.econbiz.de/10012800437

MPCs in an economic crisis : spending, saving and private transfers

Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, … - 2021

payments to or from family and friends. The latter means that the aggregate MPC out of a stimulus payment need not equal the … population-average MPC. …

Persistent link: https://www.econbiz.de/10012612848

How household consumption responds to credit card refunds

Xu, Yonghao; Meng, Juanjuan; Zhang, Yu; Koo, Jeffrey - In: Economics letters 198 (2021), pp. 1-3

Persistent link: https://www.econbiz.de/10012605786

Mortgage debt, hand-to-mouth households, and monetary policy transmission

Agarwal, Sumit; Deng, Yongheng; Gu, Quanlin; He, Jia; … - In: Review of finance : journal of the European Finance … 26 (2022) 3, pp. 487-520

Persistent link: https://www.econbiz.de/10013253815

The value of unemployment insurance

Landais, Camille; Spinnewijn, Johannes - In: The review of economic studies : RES 88 (2021) 6, pp. 3041-3085

Persistent link: https://www.econbiz.de/10012694490

Consumption heterogeneity : micro drivers and macro implications

Crawley, Edmund; Kuchler, Andreas - 2019

Persistent link: https://www.econbiz.de/10012388169

MPCs through COVID : spending, saving and private transfers

Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, … - 2020

. Targeting payments to high-MPC individuals could be partly undone. Further, the aggregate MPC out of a stimulus payment need not … equal the population-average MPC, even if all individuals receive the same payment. …

Persistent link: https://www.econbiz.de/10012304942

House prices and consumer spending

Berger, David; Guerrieri, Veronica; Lorenzoni, Guido; … - In: The review of economic studies 85 (2018) 3, pp. 1502-1542

Persistent link: https://www.econbiz.de/10011923473

Consumption heterogeneity : micro drivers and macro implications

Crawley, Edmund; Kuchler, Andreas - 2018

This paper aims to test the microfoundations of consumption models and quantify the macro implications of heterogeneity in consumption behavior. We propose a new empirical method to estimate the sensitivity of consumption to permanent and transitory income shocks for different groups of...

Persistent link: https://www.econbiz.de/10011930206

MPCs through COVID : spending, saving and private transfers

Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, … - 2021

stimulus payments to high-MPC individuals could be partly undone, and that the aggregate MPC out of a stimulus payment need not … equal the population-average MPC. …

Persistent link: https://www.econbiz.de/10012427912