We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new … harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the …

-adjusted income levels, various socioeconomic characteristics, housing traits, country-specific constant terms, and household …

We study interest rates transmission to savings at low and negative rates. Exploiting cohorts of consumers from a data …-rich multi-country survey, we show how the strength of interest rate transmission to savings varies with the level of nominal … levels, there is evidence that the savings response may even reverse sign. Such a “savings’ reversal” is consistent with the …

We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across … heterogeneity in the mean savings offset depending on age, risk attitudes and country. Third, the offset follows different patterns …

Using new micro data on household wealth from fifteen European countries, the Household Finance and Consumption Survey … permanent income shocks we then study how cross-country differences in the wealth distribution and household income dynamics …

We present a macroeconomic model calibrated to match both microeconomic and macroeconomic evidence on household income …

framework illustrating the numerous channels of the transmission mechanism of surprise inflation to household welfare guides our …