Consumption Dynamics During Recessions

By David Berger, Joe Vavra. 2014

132 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/a7326c60c9554d3cd69ae7774d295b8b2394e435

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Citations in the corpus

What Would You Do with $500? Spending Responses to Gains, Losses, News, and Loans (2018, background): “extracting the transitory component of stochastic income fluctuations (Blundell et al., 2008). Another set of studies uses what Parker and Souleles (2017) label the “reported preference” approach, in which individuals are asked how their spending would respond in hypothetical or actual scenarios.”
Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging (2014, background): “Then, by looking at quarterly car sales between 2007 and 2013, we show that changes in the interest rates tend to have a disproportionately larger effect on car sales in counties with a greater fraction of 6 It is also possible that households that experienced a more severe wealth shock during the r”
Measuring the Sensitivity of Parameter Estimates to Sample Statistics (2014, methodology): “We turn next to an analysis of Berry et al.’s (1995) empirical model of the automobile market.”
Pushing on a String: US Monetary Policy is Less Powerful in Recessions (2016, background): “Our findings support the implication of Berger and Vavra (2012)’s model that monetary policy interventions are more effective during expansions and that most of the effect results from the response of durables and business investment.”
Macroeconomics and Household Heterogeneity (2016, result): “…of household heterogeneity in wealth for the aggregate consumption dynamics during large recession is shared with a number of recent studies, including Guerrieri and Lorenzoni (2012), Glover, Heathcote, Krueger and Rios-Rull (2014), Heathcote and Perri (2015) as well as Berger and Vavra (2015).”
Regional Heterogeneity and Monetary Policy (2019, unknown): “For example, Berger et al. (2015) argue that changes in the distribution of household mortgage debt and leverage during the housing boom likely contributed to the large decline in spending when house prices subsequently crashed.4 Interestingly, we show here that these same leverage patterns also…”
Inflation and exchange rate pass-through (2019, background): “Other studies focus on microeconomic aspects of price-setting: nominal rigidities (Devereux and Yetman 2003; Corsetti, Dedola, and Leduc 2008); the role of foreign-currency pricing, especially in invoicing (Gopinath, Itskhoki, and Rigobon 2010; Gopinath 2015; Devereux, Tomlin, and Dong 2015); the di”