Uncovering MPC Heterogeneity: Insights from US COVID-19 Stimulus Payments

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Uncovering MPC Heterogeneity: Insights from US COVID-19 Stimulus Payments

This paper uncovers heterogeneity in the Marginal Propensity to Consume (MPC) from the three rounds of US COVID-19 stimulus payments. Using a novel clustering method to group households by consumption changes, we estimate the full unconditional MPC distribution via a two-stage least squares approach...

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Bibliographic Details
Main Author:	Barnes, Emily
Format:	Thesis (University of Nottingham only)
Language:	English
Published:	2023
Subjects:	COVID-19 stimulus payments economic assistance United States
Online Access:	https://eprints.nottingham.ac.uk/76506/

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