Financial Concerns and the Marginal Propensity to Consume in COVID Times : Evidence from UK Survey Data /

Financial Concerns and the Marginal Propensity to Consume in COVID Times : Evidence from UK Survey Data /

We study how household concerns about their future financial situation may affect the marginal propensity to consume (MPC) during the COVID-19 pandemic. We use a representative survey of UK households to compute the MPC from a hypothetical transfer of pound 500. We find that household expectations p...

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Detaylı Bibliyografya
Yazar: Albuquerque, Bruno
Diğer Yazarlar: Green, Georgina
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2022.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2022/047
Konular:
Consumer Economics
Fiscal Policy
Macroeconomics
Saving
Wealth
Online Erişim:Full text available on IMF
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100 1 |a Albuquerque, Bruno. 
245 1 0 |a Financial Concerns and the Marginal Propensity to Consume in COVID Times :   |b Evidence from UK Survey Data /  |c Bruno Albuquerque, Georgina Green. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2022. 
300 |a 1 online resource (52 pages) 
490 1 |a IMF Working Papers 
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506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We study how household concerns about their future financial situation may affect the marginal propensity to consume (MPC) during the COVID-19 pandemic. We use a representative survey of UK households to compute the MPC from a hypothetical transfer of pound 500. We find that household expectations play a key role in determining differences in MPCs across households: households concerned about not being able to make ends meet have a 20% higher MPC than other households. Our findings suggest that policies targeted to vulnerable and financially distressed households may prove more effective in stimulating demand than providing stimulus payments to all households. 
538 |a Mode of access: Internet 
650 7 |a Consumer Economics  |2 imf 
650 7 |a Fiscal Policy  |2 imf 
650 7 |a Macroeconomics  |2 imf 
650 7 |a Saving  |2 imf 
650 7 |a Wealth  |2 imf 
700 1 |a Green, Georgina. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2022/047 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2022/047/001.2022.issue-047-en.xml  |z IMF e-Library 

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