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Marginal Propensity To Consume Tax Rebate
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Web of microeconomic evidence which suggests that the annual marginal propensity to consume MPC is much larger than the 0 02 0 04 range implied by commonly used macroeconomic models Our model also plausibly predicts that the aggregate MPC can di er greatly depending on how the shock is distributed across categories of households
Web tested jointly except for non salary income and the average propensity to consume Household observables explain at most one quarter of MPC variation highlighting the
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Web Keywords Marginal Propensity to Consume Consumption Tax Rebate Heteroge neous Treatment Effects Clustering C means JEL Codes D12 D91 E21 E32 E62 This
Web As a result households use the rebate to rebalance their consumption basket towards the composite non housing good Keywords scal stimulus marginal propensity to
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Web Abstract Recent work highlights the importance of heterogeneity in marginal propensities to consume MPCs out of transitory income shocks for fiscal policy the transmission of
Web The marginal propensity to consume is the change in spending that occurs when income changes divided by that change in disposable income If someone spends 75 75 7
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Exhibit 5a Marginal Propensity To Consume
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Web tested jointly except for non salary income and the average propensity to consume Household observables explain at most one quarter of MPC variation highlighting the
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Web Households receiving the bonus increased their food and durable consumption by less than 20 and 30 euros respectively aggregate MPC in the range of 0 5 0 6 Responses are
Web tested jointly except for non salary income and the average propensity to consume Household observables explain at most one quarter of MPC variation highlighting the
Web Households receiving the bonus increased their food and durable consumption by less than 20 and 30 euros respectively aggregate MPC in the range of 0 5 0 6 Responses are
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