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Many households face large, high-frequency changes in income and have limited financial buffers to smooth their consumption through this income volatility. However, few studies have quantified spending responses to such timing shifts in income due to a lack of high-frequency spending data. We...
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Severe weather events, such as blizzards and hurricanes, can temporarily disrupt economic activity. The imprints of these events on aggregate statistics can make it challenging for macroeconomists to analyze and forecast economic conditions
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