the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to … expectations of future income and consumption growth rates. We investigate whether these expectations suffice to explain the shifts … in the consumption-income ratio that occur during disaster periods or whether, on the other hand, consumers become more …

savings. Households across the income distribution all cut spending from March to early April. Since mid April, spending has …

savings. Households across the income distribution all cut spending from March to early April. Since mid April, spending has …

savings. Households across the income distribution all cut spending from March to early April. Since mid April, spending has …

consumption, the precautionary saving channel and the investment-employment channel. Then, we use the household survey data (China …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 …

decline in savings. This result contradicts a prediction from the life-cycle permanent income model with borrowing constraints … the savings position plays a crucial role, as the effects are especially pronounced for households that experienced a …