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How Widespread Is the Impact of the COVID-19 Outbreak on Consumer Expectations?

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Abstract

In a recent blog post, we showed that consumer expectations worsened sharply through March, as the COVID-19 epidemic spread and affected a growing part of the U.S. population. In this post, we document how much of this deterioration can be directly attributed to the coronavirus outbreak. We then explore how the effect of the outbreak has varied over time and across demographic groups.

Suggested Citation

  • Olivier Armantier & Gizem Koşar & Rachel Pomerantz & Daphne Skandalis & Kyle Smith & Giorgio Topa & Wilbert Van der Klaauw, 2020. "How Widespread Is the Impact of the COVID-19 Outbreak on Consumer Expectations?," Liberty Street Economics 20200416b, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:87811
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    Cited by:

    1. Deimante Teresiene & Greta Keliuotyte-Staniuleniene & Yiyi Liao & Rasa Kanapickiene & Ruihui Pu & Siyan Hu & Xiao-Guang Yue, 2021. "The Impact of the COVID-19 Pandemic on Consumer and Business Confidence Indicators," JRFM, MDPI, vol. 14(4), pages 1-23, April.

    More about this item

    Keywords

    Survey of Consumer Expectations (SCE); Survey of Consumer Expectations; COVID-19;
    All these keywords.

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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