Fig. 11.

Estimated weekly expenditure dynamics, by sector.

Notes: This figure plots the coefficients $exp\left({\hat{\beta }}_j\right)-1$ estimated from Eq. (3), using a sectoral disaggregation of the total value of transactions, with $j$ indicating weekly values for the weeks beginning January 27 2020 through December 21 2020, along with their corresponding 95 percent confidence intervals. The $x$-axis denotes the date at weekly intervals and the $y$-axis shows the weekly percentage spending response.