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This paper examines how households adjusted their consumption behavior in response to COVID-19 infection risk during the early phase of the pandemic. We use a monthly consumption survey specifically designed by the German Statistical Office covering the second wave of COVID-19 infections from...
Persistent link: https://www.econbiz.de/10014356975
Persistent link: https://www.econbiz.de/10014294105
This paper examines how households adjusted their consumption behavior in response to COVID-19 infection risk during the early phase of the pandemic. We use a monthly consumption survey specifically designed by the German Statistical Office covering the second wave of COVID-19 infections from...
Persistent link: https://www.econbiz.de/10014252555
What fraction of the business cycle volatility of government purchases is accounted for as endogenous reactions to overall macroeconomic conditions? We answer this question in the framework of a neoclassical representative household model where the provision of a public consumption good is...
Persistent link: https://www.econbiz.de/10013122223
There have recently been suggestions for monetary policy to engineer higher inflation expectations so as to stimulate current spending. But what is the empirical relationship between inflation expectations and spending? We use the underlying micro data from the Michigan Survey of Consumers to...
Persistent link: https://www.econbiz.de/10013108247
Persistent link: https://www.econbiz.de/10009775171
Persistent link: https://www.econbiz.de/10009530091
Persistent link: https://www.econbiz.de/10010520800
There have recently been suggestions for monetary policy to engineer higher inflation expectations so as to stimulate current spending. But what is the empirical relationship between inflation expectations and spending? We use the underlying micro data from the Michigan Survey of Consumers to...
Persistent link: https://www.econbiz.de/10012460701
What fraction of the business cycle volatility of government purchases is accounted for as endogenous reactions to overall macroeconomic conditions? We answer this question in the framework of a neoclassical representative household model where the provision of a public consumption good is...
Persistent link: https://www.econbiz.de/10012461427