IDEAS home Printed from https://ideas.repec.org/a/fip/fedcec/87825.html
   My bibliography  Save this article

Consumers and COVID-19: A Real-Time Survey

Author

Listed:

Abstract

We summarize the results from an ongoing survey that asks consumers questions related to the recent coronavirus outbreak, including their expectations for how the economy is likely to be affected by the outbreak and how their own behavior has changed in response to it. The survey began in early March, providing a window into how consumers’ responses have evolved in real time since the early days of the acknowledged spread of COVID-19 in the United States. In updating and charting the survey’s findings on the Cleveland Fed’s website going forward, we seek to inform policymakers and researchers about consumers’ beliefs during a time of high uncertainty and unprecedented policy responses.

Suggested Citation

  • Alexander Dietrich & Edward S. Knotek & Keith Kuester & Gernot J. Müller & Kristian Ove R. Myrseth & Raphael Schoenle & Michael Weber, 2020. "Consumers and COVID-19: A Real-Time Survey," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2020(08), pages 1-6, April.
    • Handle: RePEc:fip:fedcec:87825
    DOI: 10.26509/frbc-ec-202008
    as

    Download full text from publisher

    File URL: https://doi.org/10.26509/frbc-ec-202008
    File Function: Full Text
    Download Restriction: no
    File URL: https://libkey.io/10.26509/frbc-ec-202008?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Allcott, Hunt & Boxell, Levi & Conway, Jacob & Gentzkow, Matthew & Thaler, Michael & Yang, David, 2020. "Polarization and public health: Partisan differences in social distancing during the coronavirus pandemic," Journal of Public Economics, Elsevier, vol. 191(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Edward S. Knotek & James Mitchell & Mathieu Pedemonte & Taylor Shiroff, 2024. "The Effects of Interest Rate Increases on Consumers' Inflation Expectations: The Roles of Informedness and Compliance," Working Papers 24-01, Federal Reserve Bank of Cleveland.
    2. Billore, Soniya & Anisimova, Tatiana & Vrontis, Demetris, 2023. "Self-regulation and goal-directed behavior: A systematic literature review, public policy recommendations, and research agenda," Journal of Business Research, Elsevier, vol. 156(C).
    3. Platell, Monique & Martin, Karen & Fisher, Colleen & Cook, Angus, 2020. "Comparing adolescent and service provider perceptions on the barriers to mental health service use: A sequential mixed methods approach," Children and Youth Services Review, Elsevier, vol. 115(C).
    4. Xu, Qingyun & He, Yi & Shao, Zhen, 2023. "Retailer's ordering decisions with consumer panic buying under unexpected events," International Journal of Production Economics, Elsevier, vol. 266(C).
    5. Nan Li & Muzi Chen & Difang Huang, 2022. "How Do Logistics Disruptions Affect Rural Households? Evidence from COVID-19 in China," Sustainability, MDPI, vol. 15(1), pages 1-17, December.
    6. Hampson, Daniel P. & Gong, Shiyang & Xie, Yi, 2021. "How consumer confidence affects price conscious behavior: The roles of financial vulnerability and locus of control," Journal of Business Research, Elsevier, vol. 132(C), pages 693-704.
    7. Pablo Aguilar, 2021. "Consumption recovery in 2021: an analysis drawing on consumer expectations," Economic Bulletin, Banco de España, issue 3/2021.
    8. Dietrich, Alexander M. & Müller, Gernot J. & Schoenle, Raphael S., 2024. "Big news: Climate-disaster expectations and the business cycle," Journal of Economic Behavior & Organization, Elsevier, vol. 227(C).
    9. Dietrich, Alexander M., 2023. "Consumption categories, household attention, and inflation expectations: Implications for optimal monetary policy," University of Tübingen Working Papers in Business and Economics 157, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    10. Pengpeng Yue & Aslihan Gizem Korkmaz & Zhichao Yin & Haigang Zhou, 2021. "Household-owned Businesses’ Vulnerability to the COVID-19 Pandemic," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 57(6), pages 1662-1674, May.
    11. Brancati, Emanuele & Brancati, Raffaele, 2020. "Heterogeneous Shocks in the Covid-19 Pandemic: Panel Evidence from Italian Firms," GLO Discussion Paper Series 649, Global Labor Organization (GLO).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jacek Rothert, 2020. "Optimal federal redistribution during the uncoordinated response to a pandemic," Departmental Working Papers 64, United States Naval Academy Department of Economics.
    2. Bidisha Mandal & Nilton Porto & D. Elizabeth Kiss & Soo Hyun Cho & Lorna Saboe‐Wounded Head, 2023. "Health insurance coverage during the COVID‐19 pandemic: The role of Medicaid expansion," Journal of Consumer Affairs, Wiley Blackwell, vol. 57(1), pages 296-319, January.
    3. Lou, Jiehong & Shen, Xingchi & Niemeier, Deb, 2020. "Are stay-at-home orders more difficult to follow for low-income groups?," Journal of Transport Geography, Elsevier, vol. 89(C).
    4. Louis-Philippe Beland & Abel Brodeur & Taylor Wright, 2020. "COVID-19, Stay-at-Home Orders and Employment: Evidence from CPS Data," Carleton Economic Papers 20-04, Carleton University, Department of Economics, revised 19 May 2020.
    5. Aldo Carranza & Marcel Goic & Eduardo Lara & Marcelo Olivares & Gabriel Y. Weintraub & Julio Covarrubia & Cristian Escobedo & Natalia Jara & Leonardo J. Basso, 2022. "The Social Divide of Social Distancing: Shelter-in-Place Behavior in Santiago During the Covid-19 Pandemic," Management Science, INFORMS, vol. 68(3), pages 2016-2027, March.
    6. Nicola Fuchs-Schündeln & Dirk Krueger & André Kurmann & Etienne Lalé & Alexander Ludwig & Irina Popova, 2023. "The Fiscal and Welfare Effects of Policy Responses to the Covid-19 School Closures," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(1), pages 35-98, March.
    7. Nicholas W. Papageorge & Matthew V. Zahn & Michèle Belot & Eline Broek-Altenburg & Syngjoo Choi & Julian C. Jamison & Egon Tripodi, 2021. "Socio-demographic factors associated with self-protecting behavior during the Covid-19 pandemic," Journal of Population Economics, Springer;European Society for Population Economics, vol. 34(2), pages 691-738, April.
    8. Shanike J. Smart & Solomon W. Polachek, 2024. "COVID-19 vaccine and risk-taking," Journal of Risk and Uncertainty, Springer, vol. 68(1), pages 25-49, February.
    9. Anindya Ghose & Beibei Li & Meghanath Macha & Chenshuo Sun & Natasha Ying Zhang Foutz, 2020. "Trading Privacy for the Greater Social Good: How Did America React During COVID-19?," Papers 2006.05859, arXiv.org.
    10. Ester Faia & Andreas Fuster & Vincenzo Pezone & Basit Zafar, 2024. "Biases in Information Selection and Processing: Survey Evidence from the Pandemic," The Review of Economics and Statistics, MIT Press, vol. 106(3), pages 829-847, May.
    11. Mehmet Ronael & Tüzin Baycan, 2022. "Place-based factors affecting COVID-19 incidences in Turkey," Asia-Pacific Journal of Regional Science, Springer, vol. 6(3), pages 1053-1086, October.
    12. Felipe Carozzi & Sandro Provenzano & Sefi Roth, 2024. "Urban density and COVID-19: understanding the US experience," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 72(1), pages 163-194, January.
    13. Lucia Freira & Marco Sartorio & Cynthia Boruchowicz & Florencia Lopez Boo & Joaquin Navajas, 2021. "The interplay between partisanship, forecasted COVID-19 deaths, and support for preventive policies," Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-10, December.
    14. Gordon B. Dahl & Runjing Lu & William Mullins, 2022. "Partisan Fertility and Presidential Elections," American Economic Review: Insights, American Economic Association, vol. 4(4), pages 473-490, December.
    15. Yunsen Wang & Tiffany Chiu & Alexander Kogan, 2025. "The effects of COVID-19 pandemic and auditor-client geographic proximity on auditors' going concern opinions," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 22(2), pages 341-361, June.
    16. Leo H. Kahane, 2021. "Politicizing the Mask: Political, Economic and Demographic Factors Affecting Mask Wearing Behavior in the USA," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 47(2), pages 163-183, April.
    17. Bradley J. Larsen & Timothy J. Ryan & Steven Greene & Marc J. Hetherington & Rahsaan Maxwell & Steven Tadelis, 2022. "Using Donald Trump's COVID-19 Vaccine Endorsement to Give Public Health a Shot in the Arm: A Large-Scale Ad Experiment," Papers 2203.02625, arXiv.org, revised Mar 2022.
    18. Sergei Guriev & Elias Papaioannou, 2022. "The Political Economy of Populism," Journal of Economic Literature, American Economic Association, vol. 60(3), pages 753-832, September.
    19. Abel Brodeur & David Gray & Anik Islam & Suraiya Bhuiyan, 2021. "A literature review of the economics of COVID‐19," Journal of Economic Surveys, Wiley Blackwell, vol. 35(4), pages 1007-1044, September.
    20. Mehdi Shadmehr & Ethan Bueno de Mesquita, 2020. "Coordination and Social Distancing: Inertia in the Aggregate Response to COVID-19," Working Papers 2020-53, Becker Friedman Institute for Research In Economics.

    More about this item

    Keywords

    COVID-19;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedcec:87825. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: 4D Library (email available below). General contact details of provider: https://edirc.repec.org/data/frbclus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.