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Working Paper
Trading down and the business cycle
Rebelo, Sergio; Wong, Arlene; Jaimovich, Nir (2015-11-01)
The authors document two facts: First, during recessions consumers trade down in the quality of the goods and services they consume. Second, the production of low-quality goods is less labor intensive than that of high-quality goods. Therefore, when households trade down, labor demand falls, increasing the severity of recessions. The authors find that the trading-down phenomenon accounts for a substantial fraction of the fall in U.S. employment in the recent recession. They study two business cycle models that embed quality choice and find that the presence of quality choice magnifies the ...
FRB Atlanta CQER Working Paper , Paper 2015-5

Report
The 2016 and 2017 Surveys of Consumer Payment Choice: Technical Appendix
Angrisani, Marco; Hitczenko, Marcin; Foster, Kevin (2020-04-01)
This document serves as the technical appendix to the 2016 and 2017 Surveys of Consumer Payment Choice administered by the Dornsife Center for Economic and Social Research (CESR). The Survey of Consumer Payment Choice (SCPC) is an annual study designed primarily to collect data on attitudes toward and use of various payment instruments by consumers over the age of 18 in the United States. The main report, which introduces the survey and discusses the principal economic results, is on our website at frbatlanta.org/banking-and-payments/consumer-payments/survey-of-consumer-payment-choice. In ...
Consumer Payments Research Data Reports , Paper 2018-4

Report
The 2010 Survey of Consumer Payment Choice: Technical Appendix
Angrisani, Marco; Hitczenko, Marcin; Foster, Kevin (2013-11-18)
This document serves as the technical appendix to the 2010 Survey of Consumer Payment Choice. The Survey of Consumer Payment Choice (SCPC) is an annual study designed primarily to study the evolving attitudes to and use of various payment instruments by consumers over the age of 18 in the United States. The main report, which introduces the survey and discusses the principal economic results, can be found here. In this data report, we detail the technical aspects of the survey design, implementation, and analysis.
Consumer Payments Research Data Reports , Paper 2013-03

Report
The 2011 and 2012 Surveys of Consumer Payment Choice: Technical Appendix
Angrisani, Marco; Hitczenko, Marcin; Foster, Kevin (2014-10-01)
This document serves as the technical appendix to the 2011 and 2012 Surveys of Consumer Payment Choice. The Survey of Consumer Payment Choice (SCPC) is an annual study designed primarily to study the evolving attitudes to and use of various payment instruments by consumers over the age of 18 in the United States. The main report, which introduces the survey and discusses the principal economic results, can be found here. In this data report, we detail the technical aspects of the survey design, implementation, and analysis.
Consumer Payments Research Data Reports , Paper 2014-02

Report
The 2013 Survey of Consumer Payment Choice: Technical Appendix
Angrisani, Marco; Hitczenko, Marcin; Foster, Kevin (2015-07-01)
This report serves as the technical appendix to the 2013 Survey of Consumer Payment Choice. The Survey of Consumer Payment Choice (SCPC) is an annual study, conducted since 2008 through a partnership between the Consumer Payments Research Center (CPRC) at the Federal Reserve Bank of Boston and the RAND Corporation, designed primarily to collect data on attitudes to and use of various payment instruments by consumers over the age of 18 in the United States. The main report, which introduces the survey and discusses the principal economic results, can be found here. This data report details the ...
Consumer Payments Research Data Reports , Paper 2015-05

Report
The 2014 Survey of Consumer Payment Choice: Technical Appendix
Angrisani, Marco; Hitczenko, Marcin; Foster, Kevin (2016-07-01)
This document serves as the technical appendix to the 2014 Survey of Consumer Payment Choice administered by the RAND Corporation. The Survey of Consumer Payment Choice (SCPC) is an annual study designed primarily to collect data on attitudes to and use of various payment instruments by consumers over the age of 18 in the United States. The main report, which introduces the survey and discusses the principal economic results, can be found at http://www.bostonfed.org/economic/cprc/SCPC. In this data report, we detail the technical aspects of the survey design, implementation, and analysis.
Consumer Payments Research Data Reports , Paper 2016-04

Report
The 2015 Survey of Consumer Payment Choice : Technical Appendix, Research Data Report No. 17-4
Angrisani, Marco; Hitczenko, Marcin; Foster, Kevin (2017-07-01)
This document serves as the technical appendix to the 2015 Survey of Consumer Payment Choice administered by the Dornsife Center for Economic and Social Research (CESR). The Survey of Consumer Payment Choice (SCPC) is an annual study designed primarily to collect data on attitudes to and use of various payment instruments by consumers over the age of 18 in the United States. The main report, which introduces the survey and discusses the principal economic results, can be found at http://www.bostonfed.org/economic/cprc/SCPC. In this data report, we detail the technical aspects of the survey ...
Consumer Payments Research Data Reports , Paper 2017-04

Report
The 2012 Diary of Consumer Payment Choice : Technical Appendix, Research Data Report No. 17-5
Angrisani, Marco; Hitczenko, Marcin; Foster, Kevin (2017-09-01)
This document serves as the technical appendix to the 2012 Diary of Consumer Payment Choice administered by the RAND Corporation. The Diary of Consumer Payment Choice (DCPC) is a study designed primarily to collect data on financial transactions over a three day period by consumers over the age of 18 in the United States. In this data report, we detail the technical aspects of the survey design, implementation, and analysis.The technical appendix does the following:Providing a detailed technical appendix is intended to enable users of the DCPC data and researchers who study ...
Consumer Payments Research Data Reports , Paper 2017-05

Report
The 2015 and 2016 Diaries of Consumer Payment Choice : Technical Appendix, Research Data Report No. 18-2
Angrisani, Marco; Hitczenko, Marcin; Foster, Kevin (2018-03-01)
This document serves as the technical appendix to the 2015 and 2016 editions of the Diary of Consumer Payment Choice (DCPC) administered by the Center for Economic and Social Research. The DCPC is a study designed primarily to collect data on financial transactions ov er a three-day period by U.S. consumers ages 18 and older. In this data report, we detail the technical aspects of the survey design, implementation, and analysis. Key Findings: The technical appendix establishes the context and goals of the 2015 and 2016 editions of the DCPC. It details the sample selection strategy and ...
Consumer Payments Research Data Reports , Paper 2018-02

Working Paper
Tell Me Something I Don't Already Know: Learning in Low- and High-Inflation Settings
Meyer, Brent; Coibion, Olivier; Kumar, Saten; Ropele, Tiziano; Gorodnichenko, Yuriy; Kenny, Geoff; Georgarakos, Dimitris; Frache, Serafin; Lluberas, Rodrigo; Weber, Michael; Candia, Bernardo (2023-07-31)
Using randomized control trials (RCT) applied over time in different countries, we study how the economic environment affects how agents learn from new information. We show that as inflation has risen in developed economies, both households and firms have become more attentive and informed about inflation, leading them to respond less to exogenously provided information about inflation and monetary policy. This observation holds for both firms and households. We also study the effects of RCTs in countries where inflation has been consistently high (Uruguay) and low (New Zealand) as well as ...
FRB Atlanta Working Paper , Paper 2023-8

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