Does Spending Slide When COVID-19 Surges?
Elvery, Joel; Oleson, Mark (2021-10-07)
In this District Data Brief, we show that state-level data suggest that economic implications from the latest wave have been less than those from the fall 2020 wave. While there has been some consumer response to the delta-variant-driven COVID-19 surge, it has been weaker than the response to the fall 2020 COVID-19 surge.
Cleveland Fed District Data Brief , Paper 20211007