NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Wealth Shocks and MPC Heterogeneity

Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli, Luigi Pistaferri, Maarten van Rooij

NBER Working Paper No. 25999
Issued in June 2019

---- 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.

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