Atif Mian and Amir Sufi, leading experts on the macroeconomic effects of private debt have concluded,
"When it comes to durable goods such as cars, it is likely that purchases will increase sharply when the weather improves in the states that had extremely cold winters."
That makes me wonder if there is anything at all that is not impacted by weather. This is indeed an interesting example that illustrates the power of using micro-economic data to answer macro-economic questions.
