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| 003 | ES-MaIEF | ||
| 005 | 20230524123945.0 | ||
| 007 | ta | ||
| 008 | 230524t2023 us ||||| |||| 00| 0|eng d | ||
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_aES-MaIEF _bspa _cES-MaIEF |
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| 245 | 4 |
_aThe response of consumer spending to changes in gasoline prices _c Michael Gelman, Yuriy Gorodnichenko, Shachar Kariv, Dmitri Koustas, Matthew D. Shapiro, Dan Silverman Steven and Tadelis |
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| 500 | _aResumen. | ||
| 504 | _aBibliografía. | ||
| 520 | _aThis paper estimates how overall consumer spending responds to changes in gasoline prices. It uses the differential impact across consumers of the sharp drop in gasoline prices in 2014 for identification. This estimation strategy is implemented using comprehensive, high-frequency, transaction-level data for a large panel of individuals. The average estimated marginal propensity to consume (MPC) out of unanticipated, permanent shocks to income is approximately one. This estimate accounts for the elasticity of demand for gasoline and potential slow adjustment to changes in prices. The high MPC implies that changes in gasoline prices have large aggregate effects. | ||
| 650 | 4 |
_944773 _aGASOLINA |
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| 650 |
_aPRECIOS _948092 |
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| 650 |
_aCONSUMO _940658 |
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| 650 | 4 |
_948261 _aRENTA FAMILIAR |
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| 700 | 1 |
_970633 _aGelman, Michael |
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| 773 | 0 |
_9169407 _oOP 2137/2023/2 _tAmerican Economic Journal : Macroeconomics _w(IEF)64915 _x 1945-7707 _g v. 15, n. 2, April 2023, p. 129-160 |
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| 942 | _cART | ||