The Regional Side of the Story: K‑Shaped Pattern in Region, Wider Gap in Gas Spending

Rajashri Chakrabarti, Thu Pham, Beckett Pierce and Maxim L. Pinkovskiy
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Rajashri Chakrabarti: https://www.newyorkfed.org/research/economists/chakrabarti
Maxim L. Pinkovskiy: https://www.newyorkfed.org/research/economists/pinkovskiy

No 20260528, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: In this post, we use the inaugural release of our regional consumer spending indicators to ask whether these patterns hold for a significant portion of the Second District, and how regional spending patterns by income have been similar to or different from the national patterns we documented earlier. We find similar K‑shaped patterns in both retail and gas spending in our region as we do in the nation, with the K‑shaped pattern in gasoline in response to the recent gas price shock being more pronounced in the region.

Keywords: inequality; K-shaped economy; retail spending; Second District; gasoline (search for similar items in EconPapers)
JEL-codes: D31 Q4 R1 (search for similar items in EconPapers)
Date: 2026-05-28
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DOI: 10.59576/lse.20260528

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