(2001) Income uncertainty and consumer spending during the Great Depression. Explorations in Economic History 38: 225-251.Greasley, D., Madsen, J. B., & Oxley, L. (2001). Income uncertainty and consumer spending during the great depression. Explorations in Economic History, 38(2), 225-51...
Why was buying on margin important during the Great Depression? Why are competitive markets important for continued economic progress? Why does consumer stop consumption in case where marginal utility is less than the price of a good? Why is GDP important in the economy?
The threats of a wide range of tariffs on U.S. imports may be slowing consumer spending, the heartbeat of the American economy. Tim SmartFeb. 17, 2025 Can Judges Be Booted Like Musk Wants? A key voice in the Trump administration is looking to weaponize the impeachment process against fed...
Some people assumed there would be a replay of theDepression Babieswhich saw an entire generation of people change their spending and saving habits to a more frugal lifestyle following the epic meltdown in the Great Depression. It was impossible to be certain about anything at that p...
What is the Keynesian economics explanation of why the Great Depression happened? How do we indicate stagflation using AD/AS model and AD/AS curves? How would Keynesian economists explain the performance of the economy during the las...
WASHINGTON (AP) — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession. Last month’s spending decline was far worse than t
(e.g. clothing for the respondent, for the spouse, for any children, etc.) are then integrated to produce an estimate of total consumer spending. In addition to consumption data, theCESincludes detailed information about income, and also has some asset data along with the standard demographics...
It is tempting to view the Stalinist regime’s new approach to retailing and consumption in the 1930s as a uniquely Soviet story, a product of totalitarian aspirations to establish party-state control of the economy, the general populace, public organiza
Consistent with previous work (Blanchard et al. 2013; L’Huillier 2012), we find that consumers’ belief updating and consumption spending respond more to noisy information than to observed productivity at high frequencies. We then estimate the shocks to productivity and to the signal using a ...
One of the most important consumer protections in finance is the Securities Act of 1933 which was enacted during the Great Depression. The act strictly limits the sale of investment contracts referred to as "securities" and requires issuers to disclose the details of their financing and business p...