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Consumption and the Great Recession

Author

Listed:
  • Mariacristina De Nardi
  • Eric French
  • David Benson

Abstract

In 2009, Medicaid spent over $75 billion on 5.3 million elderly beneficiaries. This article describes the Medicaid rules for the elderly and discusses their economic implications.

Suggested Citation

  • Mariacristina De Nardi & Eric French & David Benson, 2012. "Consumption and the Great Recession," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q I, pages 1-16.
    • Handle: RePEc:fip:fedhep:y:2012:i:qi:p:1-16:n:v.36no.1
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    File URL: http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2012/1Q2012_part1_denardi_french_benson.pdf
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    References listed on IDEAS

    as
    1. Michael D. Hurd & Susann Rohwedder, 2010. "Effects of the Financial Crisis and Great Recession on American Households," Working Papers WR-810, RAND Corporation.
    2. Michael D. Hurd & Susann Rohwedder, 2010. "Effects of the Financial Crisis and Great Recession on American Households," Working Papers WR-810, RAND Corporation.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Demyanyk, Yuliya & Luengo-Prado, Maria Jose & Hryshko, Dmytro & Sorensen, Bent E., 2015. "The Rise and Fall of Consumption in the 2000s," Working Paper 1507, Federal Reserve Bank of Cleveland.
    2. Sule Alan & Thomas Crossley & Hamish Low, 2012. "Saving on a Rainy Day, Borrowing for a Rainy Day," Koç University-TUSIAD Economic Research Forum Working Papers 1212, Koc University-TUSIAD Economic Research Forum.
    3. John Sabelhaus & Samuel Ackerman, 2012. "The effect of self-reported transitory income shocks on household spending," Finance and Economics Discussion Series 2012-64, Board of Governors of the Federal Reserve System (U.S.).
    4. Eric French & Taylor Kelley & An Qi, 2013. "Expected income growth and the Great Recession," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q I, pages 14-29.
    5. repec:fip:fedhep:y:2013:i:qi:p:14-29:n:vol.37no.1 is not listed on IDEAS
    6. repec:eee:macchp:v2-2131 is not listed on IDEAS
    7. Alice M. Henriques & Joanne W. Hsu, 2014. "Analysis of Wealth Using Micro- and Macrodata: A Comparison of the Survey of Consumer Finances and Flow of Funds Accounts," NBER Chapters,in: Measuring Economic Sustainability and Progress, pages 245-274 National Bureau of Economic Research, Inc.
    8. Clancy, Daragh & Cussen, Mary & Lydon, Reamonn, 2014. "Housing Market Activity and Consumption: Macro and Micro Evidence," Research Technical Papers 13/RT/14, Central Bank of Ireland.

    More about this item

    Keywords

    Consumer behavior ; Recessions;

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household

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