for the extent of cross‐country asymmetries in aggregate consumption responses to changes in the real interest rate …. Across groups with different housing tenure, we find that the consumption response of homeowners to interest rate changes …

This paper quantifies the extent of heterogeneity in consumption responses to changes in real interest rates and house … portfolios, 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 …

This paper quantifies the extent of heterogeneity in consumption responses to changes in real interest rates and house …, 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 …, 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 …

for consumption of the individual worker. However, most household panel surveys contain consumption information only at … the household level. We show that proxying individual consumption by household consumption biases estimated Frisch … elasticities downward as limited commitment in the household induces individual consumption to behave differently from household …

estimation, we find individual consumption to depend on personal beyond national headline inflation. Foreign shocks to selected … goods’ inflation affect disproportionately households with greater consumption basket weights on these goods and make them … increase consumption by an extra 1.3% per percentage point of higher inflation exposure, financed with more net borrowing …

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