to account for anticipation effects on consumption. We investigate this using high-frequency spending and balance sheet … data from a major Danish bank. We examine the behavior of borrowers with adjustable rate mortgages, and exploit that the … with a standard buffer-stock consumption model, and implies that it is less effective to target stimulus to low liquidity …

more likely to enter forbearance, irrespective of income shocks. Mortgage payment suspension increases consumption and …

This paper studies the consumption response to an increase in the domestic value of foreign currency household debt … during a large depreciation. We use detailed consumption survey data that follows households for four years around Hungary …'s 2008 currency crisis. We find that, relative to similar local currency debtors, foreign currency debtors reduce consumption …

in consumption in five key sectors: tourism, hospitality, services, retail, and public transports. We identify a large …-term sectoral consumption shifts may occur. …

We review early evidence on how household consumption behavior has evolved over the pandemic and how different groups …

estimates the impact of the Covid-19 crisis on consumption. The panel provides, each month, household-specific indicators of the … concern causes a significant reduction in nondurable consumption. The paper also explores the potential impact on consumption … of government interventions and of another wave of Covid-19, using household-level consumption adjustments to scenarios …

in consumption in five key sectors: tourism, hospitality, services, retail, and public transports. We identify a large …-term sectoral consumption shifts may occur. …