Showing 1 - 10 of 381
elasticity of credit card debt with respect to interest rates even though the experimental estimate of the same elasticity is …
Persistent link: https://www.econbiz.de/10013130142
This paper studies the heterogeneity of the marginal propensity to consume out of wealth (MPC) both across and within countries. We estimate the MPC based on a cross-country harmonized household level dataset which combines surveys on wealth, income and consumption. We use panel regressions and...
Persistent link: https://www.econbiz.de/10012844559
elasticity of credit card debt with respect to interest rates even though the experimental estimate of the same elasticity is …
Persistent link: https://www.econbiz.de/10011605350
Using comparable survey data from twelve European countries from 1994 to 2001 we investigate households' attitudes … towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage … holders relative to countries where a significant part of households uses mortgage debt. This effect is net of ppp …
Persistent link: https://www.econbiz.de/10013147952
We revisit the transmission mechanism of monetary policy for household consumption in a Heterogeneous Agent New Keynesian (HANK) model. The model yields empirically realistic distributions of household wealth and marginal propensities to consume because of two key features: multiple assets with...
Persistent link: https://www.econbiz.de/10012992430
Drawing on the 2013 Household Finance and Consumption Survey (HFCS) and complementary administrative data sources, we … - relative to older borrowers has played a major role in easing the debt repayment burden in the presence of large income shocks …
Persistent link: https://www.econbiz.de/10011804377
Using new panel data from a representative survey of households in the six largest euro area economies, the paper …
Persistent link: https://www.econbiz.de/10013250916
We use information on monthly wage increases set by collective agreements in Italy and exploit their variation across sectors and over time in order to examine how household consumption responds to different types of positive income shocks (regular tranches versus lump-sum payments). Focusing on...
Persistent link: https://www.econbiz.de/10012963730
component on the Survey of Household Income and Wealth. We find that households that received the tax rebate increased their …
Persistent link: https://www.econbiz.de/10012947896
durably affect consumer preferences. We conducted a representative consumer survey in five European countries in summer 2020 …
Persistent link: https://www.econbiz.de/10013324580