Our work in this area looks at how consumers respond to price signals and other incentives to change their borrowing, saving and spending behaviour, as well as how different households' welfare is affected by inflation and changes in indirect taxes.
They might not know it yet, and it is likely to pass the rest of us by entirely, but for more than two and half million families, today is a very big day.
We evaluate the impact of a price floor for alcohol introduced in Scotland in 2018, using a difference-in-differences strategy with England as a control group.
This briefing note compares trends in output, consumer spending and saving from the 2020 recession with those from two previous recessions beginning in 1990 and 2008.