全球智库信息集成服务系统(G2TT): DP14809 Consumer Responses to the COVID-19 Crisis: Evidence from Bank Account Transaction Data

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP14809
	DP14809 Consumer Responses to the COVID-19 Crisis: Evidence from Bank Account Transaction Data
	Asger Lau Andersen; Emil Toft Hansen; Niels Johannesen; Adam Sheridan
发表日期	2020-05-25
出版年	2020
语种	英语
摘要	This paper uses transaction-level customer data from the largest bank in Denmark to estimate the change in consumer spending caused by the COVID-19 pandemic and the resulting shutdown of the Danish economy. We find that aggregate spending was on average 27% below the counterfactual level without the pandemic in the seven weeks following the shutdown. The spending drop was mostly concentrated on goods and services whose supply was directly restricted by the shutdown, suggesting a limited role for spillovers to non-restricted sectors through demand in the short term. The spending drop was larger for individuals with more ex ante exposure to the adverse consequences of the crisis in the form of job loss, wealth destruction, severe disease and disrupted consumption patterns and, most notably, for individuals with an ex post realization of crisis-related unemployment.
主题	Public Economics
关键词	Covid-19 Consumer spending Pandemic Social distancing Shutdown
URL	https://cepr.org/publications/dp14809
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/543741
推荐引用方式 GB/T 7714	Asger Lau Andersen,Emil Toft Hansen,Niels Johannesen,et al. DP14809 Consumer Responses to the COVID-19 Crisis: Evidence from Bank Account Transaction Data. 2020.