NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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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

NBER Working Paper No. 22969
Issued in December 2016, Revised in November 2017

---- Acknowledgments ----

This research is carried out in cooperation with a financial aggregation and bill-paying computer and smartphone application (the “app”). We are grateful to the executives and employees who have made this research possible. This research is supported by a grant from the Alfred P. Sloan Foundation. Shapiro acknowledges additional support from the Michigan node of the NSF-Census Research Network (NSF SES 1131500). Gorodnichenko thanks the NSF for financial support. We thank Arlene Wong and conference participants at NBER EFG and NBER SI (Consumption: Micro to Macro) for comments on an earlier draft of the paper. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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