Diet is important in determining health outcomes. Thus, it is important to understand the factors influencing dietary choice. Budget constraints are a common explanation for the poor dietary choices made by households in the U.S. We test this hypothesis by exploiting shocks to household budgets...

We estimate the dynamic effects of aggregate US housing market shocks on state-level retail sales and home prices from 1976 to 2008. We use a common factor VAR model to account for the dynamics of the state-level variables, and identify housing demand and supply shocks using a signs-restriction...