We examine the effects of monetary policy on household self-assessed financial stress and durable consumption using … panel data from eighteen annual waves of the British Household Panel Survey. For identification, we exploit random variation … in household exposure to interest rates generated by the random timing of household interview dates with respect to …

This paper studies the direct impact of households' debt on consumption over the business cycle. We use household … leverage, consumption, and asset prices. We find that debt levels exert a negative impact on consumption, which is particularly …' debt in past periods are not relevant in determining consumption; (ii) households adjust faster their consumption to debt …

house prices on consumption documented in two papers using the same data set for the UK. On the one hand, Campbell and Cocco …-called wealth hypothesis. On the other hand, Attanasio, Blow, Hamilton, and Leicester (2009) find that house prices have the same … impact on consumption across age groups, consistent with the so-called common factor hypothesis. First, we confirm that the …

ownership rates. We use household-level data together with shocks to the policy rate identified from high-frequency data. We ….6 percentage points in Switzerland. The response of non-housing consumption in Switzerland is less heterogeneous across renters and …

, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the heterogeneity in … household finances implies that responses of consumption to changes in the real interest rate and in house prices differ …This paper quantifies the extent of heterogeneity in consumption responses to changes in real interest rates and house …

between 2010 and 2014 in Belgium, using panel data from the two waves of the Household Finance and Consumption Survey. Unlike …This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …

.e. ignoring within-household inequality). This assessment of existing approaches to measure individual inequality and poverty is …

stochastic simulation of consumption choices in a nonstationarity environment is used to show the robustness of the method for …

In this paper we study the relevance and mechanics of consumption network effects. We use long panel data on the entire … Danish population to construct a measure of consumption based on administrative tax records, and define the peer groups in …