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

Olivier Armantier, Gizem Kosar, Rachel Pomerantz, Daphne Skandalis, Kyle Smith, Giorgio Topa and Wilbert van der Klaauw

No 20200416b, Liberty Street Economics from Federal Reserve Bank of New York

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.

Keywords: Survey of Consumer Expectations (SCE); Survey of Consumer Expectations; COVID-19 (search for similar items in EconPapers)
JEL-codes: D14 J01 (search for similar items in EconPapers)
Date: 2020-04-16
New Economics Papers: this item is included in nep-ore
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