Wealth Shocks and MPC Heterogeneity
NBER Working Paper No. 25999
---- Acknowledgments ----
Christelis and Jappelli acknowledge financial support from the Italian Ministry of University and Research. The opinions expressed in the paper are those of the authors and do not necessarily reflect the views of the European Central Bank or of De Nederlandsche Bank. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.