| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22969 |
| 来源ID | Working Paper 22969 |
| The Response of Consumer Spending to Changes in Gasoline Prices | |
| Michael Gelman; Yuriy Gorodnichenko; Shachar Kariv; Dmitri Koustas; Matthew D. Shapiro; Dan Silverman; Steven Tadelis | |
| 发表日期 | 2016-12-26 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | This paper estimates how overall consumer spending responds to changes in gasoline prices. It uses the differential impact across consumers of the sudden, large 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 estimated marginal propensity to consume (MPC) out of unanticipated, permanent shocks to income is approximately one. This estimate takes into account 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. |
| 主题 | Macroeconomics ; Consumption and Investment ; Environmental and Resource Economics ; Energy |
| URL | https://www.nber.org/papers/w22969 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580643 |
| 推荐引用方式 GB/T 7714 | Michael Gelman,Yuriy Gorodnichenko,Shachar Kariv,et al. The Response of Consumer Spending to Changes in Gasoline Prices. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22969.pdf（781KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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