000 01498nab a2200229 c 4500
999 _c149352
_d149352
003 ES-MaIEF
005 20240509140703.0
007 ta
008 240509t2024 us ||||| |||| 00| 0|eng d
040 _aES-MaIEF
_bspa
_cES-MaIEF
245 4 _aThe effect of macroeconomic uncertainty on household spending
_c Olivier Coibion, Dimitris Georgarakos, Yuriy Gorodnichenko, Geoff Kenny and Michael Weber
500 _aResumen.
504 _aBibliografía.
520 _aWe use randomized treatments that provide different types of information about the first and/or second moments of future economic growth to generate exogenous changes in the perceived macroeconomic uncertainty of treated households. The effects on their spending decisions relative to an untreated control group are measured in follow-up surveys. Our results indicate that, after taking into account first moments, higher macroeconomic uncertainty induces households to significantly and persistently reduce their total monthly spending in subsequent months. Changes in spending are broad based across spending categories and apply to larger durable good purchases as well.
650 4 _947465
_aINCERTIDUMBRE
650 4 _948113
_aPRESUPUESTOS FAMILIARES
650 4 _940660
_aCONSUMO FAMILIAR
650 4 _925837
_aANALISIS MACROECONOMICO
700 1 _971702
_aCoibion, Olivier
773 0 _9171654
_oOP 234/2024/3
_tThe American Economic Review
_w(IEF)103372
_x 0002-8282
_g v. 114, n. 3, Marcj 2024, p. 645-677
942 _cART