Til projektoversigt

Niels Johannesen

Distinguished Associate Professor Fellowship

Lessons from “Big Data” on Consumer Finances

Why:

The aim of the project is to better understand how stock market booms and busts shape the business cycles in the real economy.

How:

Using customer data from a major Danish retail bank, we test whether stock market gains have a causal effect on consumer spending.

What:

The research is of immediate use for governments and central banks who attempt to stabilize the macroeconomy in the face of volatile stock markets.