role that financial expectations play in driving the consumption of different types of durable goods and the amount of … expenditure undertaken. Whilst financial optimism is significantly associated with consumption, indices which fail to take into …

as a mechanism for smoothing household consumption following negative aggregate shocks. Our results suggest that mortgage …-constrained households to maintain higher annual consumption growth compared to those non-eligible for the policy. Finally, we find that …

supply significantly and that their customers reduced both borrowing and consumption relative to customers in non …-exposed banks. The credit supply channel can explain roughly one third of the decrease in aggregate private consumption observed in …

significantly and that their customers reduced both borrowing and consumption relative to customers in non-exposed banks. Our …