Heterogeneous Consumers and Fiscal Policy Shocks

This paper studies empirical facts regarding the effects of unexpected changes in aggregate macroeconomic fiscal policies on consumers that differ depending on individual characteristics. We use data from the Consumption Expenditure Survey to estimate individual-level responses and multipliers for g...

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Veröffentlicht in:	Journal of money, credit and banking credit and banking, 2016-12, Vol.48 (8), p.1877-1888
Hauptverfasser:	ANDERSON, EMILY, INOUE, ATSUSHI, ROSSI, BARBARA
Format:	Artikel
Sprache:	eng
Schlagworte:	Consumer expenditure Consumer spending Consumption consumption expenditure survey E21 E52 Economic models Fiscal policy fiscal policy shocks Government spending H31 heterogeneous agents Income inequality Macroeconomics SHORTER PAPERS, DISCUSSIONS, AND LETTERS Studies welfare
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