Business Cycle Fluctuations and the Distribution of Consumption
De Giorgi, Giacomo and Gambetti, Luca, Business Cycle Fluctuations and the Distribution of Consumption (March 1, 2015). FRB of New York Staff Report No. 716. Available for download at SSRN: http://ssrn.com/abstract=2574395 “This paper sheds new light on the interactions between business cycles and the consumption distribution. We use Consumer Expenditure Survey data and a factor …