Household Inequality and the Consumption Response to Aggregate Real Shocks
NBER Working Paper No. 24073
---- Acknowledgements ----
We are grateful to Dirk Kruger, Fabrizio Perri, and Kurt Mitman for providing us some of their graphs, some of their codes to compare with ours, and for helpful discussions. We thank Francisco Buera, Spencer Krane, and Marcelo Veracierto, for insightful comments and suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research, the CEPR, any agency of the federal government, or the Federal Reserve Bank of Chicago.