Consumption, Income Changes, and Heterogeneity: Evidence from Two Fiscal Stimulus Programs

By Kanishka Misra, P. Surico. 2014

214 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/6f30ce192a7a72a5c4e346c44f9d582052700260

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Citations in the corpus

Transmission of Monetary Policy with Heterogeneity in Household Portfolios (2018, background): “2See the empirical literature on the consumption response to transfers; e.g. Johnson et al. (2006), Parker et al. (2013), or Misra and Surico (2014).”
Quantile regression with nonadditive fixed effects (2022, unknown): “It should be noted that Misra and Surico (2014) use quantile regres10 This estimate is slightly different from the results presented in Parker et al. (2013) because I include interactions based on quarter, number of adults, and number of dependents.”
Monetary Policy According to HANK (2018, unknown): “How successful is the calibrated model at generating empirically realistic distributions of household responses to changes in labor income? Some of the most convincing empirical evidence on marginal propensities to consume (MPCs) comes from household consumption responses to the tax rebates of 2001 ”
Asymmetric Consumption Effects of Transitory Income Shocks* (2019, background): “…changes due to exogenous events such as unemployment, disability, or tax rebates, and evaluates in a quasi-experimental setting how consumption reacts to such changes (see for instance Browning and Crossley, 2001; Stephens, 2001; Souleles, 1999; 2002; Agarwal et al., 2007; Misra and Surico, 2014).”
The consumption response to positive and negative income shocks (2017, background): “As the survey relies on the ability of households to accurately recall what happened to their income and spending, our results might be affected by the so-called recall bias. 13 This type of survey bias has been extensively investigated in the psychology, sociology and epidemiology literature. Bradb”
Escaping the Great Recession (2017, unknown): “Our work is then related to the study of the interaction between scal and monetary policies in determining ination dynamics (Sargent and Wallace 1981; Leeper 1991; Sims 1994; Woodford 1994, 1995, 2001; Schmitt-Grohe and Uribe 2000; Cochrane 1998, 2001; Bassetto 2002; among many others) and to the ”
MPC Heterogeneity and Household Balance Sheets (2016, unknown): “Examples are Misra and Surico (2014) who use survey evidence on the U.S. tax rebates, Leth-Petersen (2010) who studies the impact of a credit market reform on consumption in Denmark, Aydın (2015) who studies exogenously varying credit limits in a European retail bank, Baker (2014) who studies the…”
Fiscal Policy and MPC Heterogeneity (2014, background): “…payroll caps (Parker, 1999), tax refunds (Souleles, 1999), preannounced tax cuts (Souleles, 2002), and the recent tax rebates or stimulus payments (Johnson, Parker and Souleles, 2006; Parker, Souleles, Johnson and McClelland, 2011; Agarwal, Liu and Souleles, 2007; and Misra and Surico, 2012).”