We evaluate the impact of loan-to-value restrictions on household financial vulnerability. Using Norwegian tax data, we first document a beneficial leverage effect, in which households respond to the regulation by reducing house purchase probabilities, debt and interest expenses. Second, we...

This paper investigates how monetary expansion affects household consumption and savings through household debts. Using monetary policy cuts in China in the end of 2008 as an experiment, we find that the resulted increase in indebted households’ disposable income leads to increasing...

This paper develops a new class of poverty and inequality measures we call common prosperity. This measure complements existing classes of measures and allows decomposition across income sources or components of consumption expenditure. This framework enables us to study the trade-off between...

Highly interconnected global supply chains make countries vulnerable to supply chain disruptions. In this paper, we estimate the macroeconomic effects of global supply chain shocks for the euro area. Our empirical model combines business cycle variables with data from international container...

Using OeNB Euro Survey data from fall 2020, we will briefly address the questions: Who has been affected by the covid-19 pandemic and how severely? We will look at the results along three dimensions: (1) across main socio-economic characteristics, (2) across regions and countries, (3) across...

The objective is to present state-of-the-art empirical research and empirically motivated theoretical research on household financial behaviour and on how it is influenced by other choices, government policies, and the overall economic environment. Topics: - Asset allocation and debt behaviour...

Topics: - Patterns of asset allocation and debt behavior over the life cycle - Financing retirement and the demographic transition - Consumer indebtedness, financial distress and default decisions - Behavioral approaches to household finances - Financial literacy and financial education...

Topics: - Patterns of asset allocation and debt behavior over the life cycle - Financing retirement and the demographic transition - Consumer indebtedness, financial distress and default decisions - Behavioral approaches to household finances - Financial literacy and financial education...

The objective of the conference is to bring together researchers from the U.S. and Europe who are working in the area of household finance. Topics: -International comparisons of household finances using micro-data - Household borrowing decisions, including decisions about debt in general and...

The objective is to present state-of-the-art empirical research and empirically motivated theoretical research on household financial behavior and on how this is influenced by other choices, government policies, and the overall economic environment. We solicit papers in the following areas, but...