IMF – The Impact of Monetary Policy Shocks on Credit Card Spending

Researchers at the IMF have published another working paper using Fable’s data. The paper demonstrates the advantages of having high-frequency data to help improve the identification of the effects of monetary policy. The differences are particularly noticeable when compared to more traditional data sources on consumption, which are usually subject to less frequent aggregation. Additionally, they exploit the detailed information attached to each consumer transaction to understand exactly how monetary policy affects different types of consumption.

You can find a link to this insightful paper here: https://www.imf.org/en/Publications/WP/Issues/2022/12/16/Monetary-Policy-and-Credit-Card-Spending-527011