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Consumption and the Great Recession

Author Info

Listed author(s):
  • 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.

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Article provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives.

Volume (Year): (2012)
Issue (Month): Q I ()
Pages: 1-16

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Handle: RePEc:fip:fedhep:y:2012:i:qi:p:1-16:n:v.36no.1
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Keywords: Consumer behavior ; Recessions;

Other versions of this item:

Find related papers by 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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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. 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.
  7. 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.

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