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Cited by 163

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

The Effect of Macroeconomic Uncertainty on Household Spending

Open access
Coibion, Olivier, Georgarakos, Dimitris, Gorodnichenko, Yuriy, Kenny, Geoff, Weber, Michael·2024·American Economic Review

Abstract

We use randomized treatments that provide different types of information about the first and/or second moments of future economic growth to generate exogenous changes in the perceived macroeconomic uncertainty of treated households. The effects on their spending decisions relative to an untreated control group are measured in follow-up surveys. Our results indicate that, after taking into account first moments, higher macroeconomic uncertainty induces households to significantly and persistently reduce their total monthly spending in subsequent months. Changes in spending are broad based across spending categories and apply to larger durable good purchases as well. (JEL D12, D81, D84, E21, E23, G51)

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Crossref · 10.1257/aer.20221167

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Metadata

Authors
Coibion, O., Georgarakos, D., Gorodnichenko, Y., Kenny, G., & Weber, M.
Venue
American Economic Review
Published
2024-03-01
Volume
114
Issue
3
Pages
645-677
ISSN
0002-8282 (ISSN-L)
OpenAlex
W4392295948
Cited by
163
References
2
FWCI
57.36
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: The Effect of Macroeconomic Uncertainty on Household Spending. https://app.cochat.ai/papers/10.1257/aer.20221167
The paper
Coibion, O., Georgarakos, D., Gorodnichenko, Y., Kenny, G., & Weber, M. (2024). The Effect of Macroeconomic Uncertainty on Household Spending. American Economic Review. https://doi.org/10.1257/aer.20221167

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.