consumption-saving behavior. We construct a novel consumption-saving model where the household must infer the persistent component … marginal propensity to consume because the short run covariance between income growth and consumption growth increases when … can be identified from panel data on income and consumption. Finally, we estimate a high degree of knowledge in the Panel …

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 …

-to-income (LTI) ratios of newly originated mortgages in Ireland in 2015 and find that, consistent with empirical evidence, they … affected by the reform. An unexpected permanent rise in real interest rates has similar effects - by making mortgages more …

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 …

standard life-cycle consumption factors, even though their actual future income is uncorrelated with past experiences. Due to … the negative relationship between past experiences and consumption cannot be generated by financial constraints, income …

We study the effect of within-household mortality on the evolution of household per capita consumption. Relying on a … consumption caused by the death of a household member. Our findings indicate that a household's ability to smooth consumption … support for the hypothesis that the evolution of household consumption is not affected by within-household mortality. …

savings, consumption, and bequests? Answering this question requires separating precautionary savings, bequest motives, and …

a constant consumption stream across their lifecycle saving till retirement and dis-saving thereafter. The reality is …