Wealth Shocks and MPC Heterogeneity
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We use the responses of a representative sample of Dutch households to survey questions that ask how much their consumption would change in response to unexpected, permanent, positive or negative shocks to their home value. The average MPC is in the 2.1-4.7% range, in line with econometric estimates
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美国国家经济研究局创建时间：
2019-06-01
