The paper looks into the puzzle of low household savings in three Southern European (SE3) countries – Cyprus, Greece …, and Portugal. Building on the household saving drivers literature, we employ cross-country micro-level data and … household savings in SE3 countries. Quantile regressions employed to analyze saving behavior across the distribution of …

We use randomized controlled trials in the US, UK, and Brazil to examine the causal effect of public debt on household …

High household indebtedness could constrain future consumption growth and increase financial stability risks. This … paper uses household survey data to analyze both macroeconomic and finanical stability risks from the rapidly rising … household debt in China. We find that rising household indebtedness could boost consumption in the short term, while reducing it …

on health-related financial risks using a nationally representative household survey data collected over a ten …

deteriorating household balance sheets? This paper examines the question using household data from the United States. It compares … the responsiveness of household consumption to monetary policy shocks in the pre- and post-crisis periods, relating … changes in monetary transmission to changes in household indebtedness and liquidity. The results show that the responsiveness …

High household wealth is often cited as a key strength of the Italian economy. Both in absolute terms and relative to … income, the Italian household sector is wealthier than most euro area peers. A sizable fraction of this wealth is held by the … rich and upper middle classes. This paper documents the changes in the Italian household sector's financial wealth over the …

We confirm the negative relationship between household debt and future GDP growth documented in Mian, Sufi, and Verner … relationship. First, debt overhang impairs household consumption when negative shocks hit. Second, increases in household debt … be systematically neglected due to investors' overoptimistic expectations associated with household debt booms. In …

We study Japanese household consumption at a disaggregated level focusing on the role of income and asset dynamics …