Niels Johannesen | Carlsbergfondet
Til projektoversigt

Niels Johannesen

Distinguished Associate Professor Fellowship

Lessons from “Big Data” on Consumer Finances


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


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


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