New York Fed: 'Subjective Uncertainty and the Marginal Propensity to Consume'
April 10, 2025
April 10, 2025
NEW YORK, April 10 (TNSres) -- The Federal Reserve Bank of New York issued the following staff report (No. 1148) in April 2025 by Gizem Kosar and Davide Melcangi entitled "Subjective Uncertainty and the Marginal Propensity to Consume."
Here is the abstract:
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Earnings uncertainty is central to most heterogeneous-household models. Yet, there is surprisingly little evidence on how subjective uncertainty is related to consumption behavior. Using . . .
Here is the abstract:
* * *
Earnings uncertainty is central to most heterogeneous-household models. Yet, there is surprisingly little evidence on how subjective uncertainty is related to consumption behavior. Using . . .