The How and Why of Household Reactions to Income Shocks
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This paper studies how and why households adjust their spending, saving, and borrowing in response to transitory income shocks. We leverage new large-scale survey data to first quantitatively assess households intertemporal marginal propensities to consume (MPCs) and deleverage (MPDs) (the how), and
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美国国家经济研究局创建时间：
2024-03-01
