population. In a model of household borrowing with credit constraints and endogenous house prices, we show that less constrained … level data on the universe of household credit in Belgium to document a shift in the distribution of debt over age, with … constrained, do not contribute to the rise in household debt. To identify the elasticity of household debt to the interest rate …

population. In a model of household borrowing with credit constraints and endogenous house prices, we show that less constrained … level data on the universe of household credit in Belgium to document a shift in the distribution of debt over age, with … constrained, do not contribute to the rise in household debt. To identify the elasticity of household debt to the interest rate …

We study an Agent-based model of household-bank relationships where households borrow for the purpose of consumption …. Desired consumption is driven by households disposable income as well as a social norm of consumption. If households care … conduct several computational experiments, where the absence of the social consumption norm (Joneses effect) functions as …

impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature …The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that … fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the …

We use Iranian Household Expenditure and Income Survey to analyze the dynamics of consumption of the households. We … indicates that actual consumption prole is sub-optimal and hence deepening financial access will decrease the welfare loss of …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence … confidence may drive house prices and aggregate consumption. …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence … confidence may drive house prices and aggregate consumption. …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence … confidence may drive house prices and aggregate consumption. …