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Consumption Expenditures in Austria & Germany: New Evidence Based on Transactional Data

Author

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  • Winfried Koeniger

    (University of St. Gallen; CESifo (Center for Economic Studies and Ifo Institute); Center for Financial Studies (CFS); IZA Institute of Labor Economics; Swiss Finance Institute)

  • Peter Kress

    (University of St. Gallen)

  • Jonas Lehmann

    (University of St. Gallen)

Abstract

We analyze the novel transactional card expenditure data for Germany and Austria provided by Fable Data. We describe key features of the data in terms of the coverage of expenditure items, payment channels, and the distribution of expenditures across regions and time. We highlight strengths and limitations of the data by comparing them to more consolidated lower-frequency information from external data sources. We find very similar expenditure patterns in Germany and Austria. We illustrate the advantages of the granular, higher-frequency information across expenditure items and locations by analyzing how consumption expenditures evolved during the COVID-19 crisis and beyond.

Suggested Citation

  • Winfried Koeniger & Peter Kress & Jonas Lehmann, 2024. "Consumption Expenditures in Austria & Germany: New Evidence Based on Transactional Data," Swiss Finance Institute Research Paper Series 24-105, Swiss Finance Institute.
    • Handle: RePEc:chf:rpseri:rp24105
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    Cited by:

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    2. Winfried Koeniger & Peter Kress, 2024. "The Effect of Unconventional Fiscal Policy on Consumption -New Evidence based on Transactional Data," Swiss Finance Institute Research Paper Series 24-58, Swiss Finance Institute.

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    Keywords

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    JEL classification:

    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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