Consumption and prices

We study the housing market response to a national disclosure policy that mandated the prominent display of energy efficiency information at listing.

In this paper, we estimate average equivalized consumption measures across 367 local authority districts in Great Britain.

We document “Cheapflation”: within defined categories, prices rise fastest for low-quality essentials, disproportionately affecting poorer household.

Private car quality information means the sale price reflects the average quality of cars sold and can be lower than the population's average quality.

With domestic-currency debt, a confidence crisis need not cause default, as monetary financing can shift default risk into inflation risk.

We study the phased introduction of London’s Ultra-Low Emission Zone (ULEZ), a tax on highly-polluting vehicles.

How should governments respond to rapid increases in the cost of living driven by shocks to the prices of staple goods?

We document that women emit 26 percent less than men from food and transport, using detailed consumption data from France.

We use a new approach to better investigate differences in consumer behaviour in response to hypothetical, one-off gains and losses

An expansion of discounter retailers coincided with declining retail and manufacturer concentration across most narrowly defined product categories

We propose a nonlinear framework using macro and micro data to study how aggregate and idiosyncratic shocks affect household income dynamics.

We provide new evidence that inflation inequality surged during the 2021–2023 cost-of living crisis.