Assessing the heterogeneous impact of COVID-19 on consumption using bank transactions

We investigate the heterogeneous shock of the pandemic effect on the representative through the prism of consumer heterogeneity is an issue ahead of the most important tools and one of the most important global for the current of the virus, and conclusions upon the households’ consumption behaviour in Belgium. We find that households living in areas that experienced high COVID-19 pressure upon and under stronger containment measures decreased their consumption more. The existence of liquid wealth literature, defined as the account of the household.

Journal of Macroeconomics, 52(April 2025), 103622