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The reaction of consumer spending and debt to tax rebates: Evidence from consumer credit data

Agarwal, Sumit; Liu, Chunlin; Souleles, Nicholas S. - 2007

We use a new panel dataset of credit card accounts to analyze how consumers responded to the 2001 federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that on average...

Persistent link: https://www.econbiz.de/10010292101

Expansionary fiscal contractions? Evidence from panel data

Hogan, Vincent - 2003

economies during times of crisis. We find some limited evidence in its favour: if public consumption is reduced in response to a … fiscal crisis (as defined by a high level of debt), private consumption does seem to increase. However the size of the effect … is smaller than that typically found in similar studies. Furthermore, the increase in private consumption is not usually …

Persistent link: https://www.econbiz.de/10010293826

The reaction of consumer spending and debt to tax rebates: Evidence from consumer credit data

Lusardi, Annamaria; Mitchell, Olivia S. - 2007

We use a new panel dataset of credit card accounts to analyze how consumer responded to the 2001 Federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that, on...

Persistent link: https://www.econbiz.de/10010298384

Topics in fiscal policy: Evidence from a representative survey of the German population

Hayo, Bernd; Neumeier, Florian; Uhl, Matthias - 2014

of tax changes on consumption and savings; and 4) the effect of tax changes on labour market activities. …

Persistent link: https://www.econbiz.de/10010335867

The COVID-19 consumption game-changer: Evidence from a large-scale multi-country survey

Hodbod, Alexander; Hommes, Cars H.; Huber, Stefanie J.; … - 2021

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/10012661627

The COVID-19 consumption game-changer: Evidence from a large-scale multi-country survey

Hodbod, Alexander; Hommes, Cars H.; Huber, Stefanie J.; … - 2021

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/10012797254

Topics in fiscal policy : evidence from a representative survey of the German population

Hayo, Bernd; Neumeier, Florian; Uhl, Matthias - 2014 - This version: 13 February 2014

of tax changes on consumption and savings; and 4) the effect of tax changes on labour market activities. …

Persistent link: https://www.econbiz.de/10010242079

Using a temporary indirect tax cut as a fiscal stimulus : evidence from the UK

Crossley, Thomas F.; Low, Hamish; Sleeman, Cath - 2014

This paper evaluates a novel form of fiscal stimulus: a temporary cut in the rate of Value Added Tax (VAT). In December 2008, the UK cut the standard rate of VAT by 2.5 percentage points for 13 months in an effort to stimulate spending. We estimate the effect of the cut on prices and spending...

Persistent link: https://www.econbiz.de/10010381367

High-frequency spending responses to government transfer payments

Cooper, Daniel; Olivei, Giovanni P. - 2021 - This version: November 2021

This paper evaluates the marginal propensity to consume (MPC) out of the 2020 fiscal stimulus payments using high-frequency, transaction-level data for a sample of low-income cardholders, many of whom are unbanked. Consumers' MPC out of non-stimulus income and their MPC out of tax refunds are...

Persistent link: https://www.econbiz.de/10012705045

(Non-)Keynesian effects of fiscal austerity : new evidence from a large sample

Afonso, António; Alves, José; Huart, Florence - 2021

We empirically assess whether a usually expected negative response of private consumption and private investment to a … HP-based; and iii) the Hamilton (2018)-based. We find that: i) increases in government consumption have a Keynesian … effect on real per capita private consumption; ii) there is a positive effect of tax increases on private consumption when …

Persistent link: https://www.econbiz.de/10012504460