and wealth differentials between black and white households. Specifically, we show that, although a more accommodative … time, an accommodative monetary policy shock exacerbates the wealth difference between black and white households, because …

How much and over what horizon do households adjust their consumption in response to stock market wealth shocks? We …

deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for … substitutes consumption will be temporarily reduced. -- consumption ; wealth ; stock returns ; housing returns ; OECD countries …

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …

concerned about its impact on their wealth; yet, while many households know about inflation eroding nominal assets, most are … beliefs about nominal debt and their own real net wealth. These changes in beliefs causally affect actual consumption and … hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to inflation once …