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The COVID-19 shock and consumer credit: Evidence from credit card data

We study the dynamic effect of the COVID-19 shock on credit card use in 2020. Local case incidence had a strong negative effect on credit card spending in the early months of the pandemic, which diminished over time. This time-varying pattern was driven by the fear of the virus, rather than governme...

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Detalles Bibliográficos
Autores principales: Horvath, Akos, Kay, Benjamin, Wix, Carlo
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Science B.V. etc.] 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10122565/
https://www.ncbi.nlm.nih.gov/pubmed/37131530
http://dx.doi.org/10.1016/j.jbankfin.2023.106854