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This paper examines the relationship between aggregate consumer spending and credit availability in the United States. The author finds that consumer spending falls (rises) in response to a reduction (increase) in credit availability. Moreover, she provides a formal assessment of the possibility...
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nationally-representative household-level data. We find that natural gas consumption is weakly correlated with household income … somewhat weaker still when we consider alternative indicators of household financial stress, such as poverty status or number … of children in the household. We show, for example, that poor households with multiple children would receive lower bills …
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