Search Results - subject_exact:"Private consumption"

Crowding out or Ricardian behaviour? : evidence from South Africa

Sanusi, Kazeem Abimbola; Dickason Koekemoer, Zandri - 2026

This paper examines whether government debt financing crowds out private consumption in South Africa or whether household behaviour is consistent with Ricardian equivalence. Using quarterly data from 1960Q1 to 2025Q1, the study employs a Bayesian time-varying parameter framework that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015652204

Online search behavior and consumer intent : implications for nowcasting

Heikkinen, Joni; Heimonen, Kari - 2025 - This version: 31/08/2025

This paper examines online search activity's ability to capture consumers' intentions and enhance short-term forecasting of key economic outcomes. Economic decisions such as consumption and investment are typically preceded by intentions, which, while difficult to observe directly, often...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448545

Macroeconomic effects of public debt in Nigeria

Olaniran, Oladotun Richard; Falade, Olanipekun Emmanuel - 2024

The purpose of this study was to investigate the impact of domestic and external debt on macroeconomic variables in Nigeria from 1981 to 2020. Annual secondary data on domestic and external debt, inflation, output, investment and consumption sourced from World Development Indicators (WDI, 2021),...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014566183

Examining the relationship between public debt and private consumption in European OECD countries (2011-2020)

Morina, Fisnik; Misiri, Valdrin; Alijaj, Shpejtim - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015126878

Household consumption in Colombia: a nonlinear cointegrating approach

Arango Thomas, Luis Eduardo; Flórez, Luz A.; Posada, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617560

Macro theory with measured expectations

Luetticke, Ralph; Roth, Christopher; Wiederholt, Mirko; … - 2026

The Lucas critique holds that policy evaluations based on historical correlations can fail because policy changes alter expectation formation. We develop a new approach to monetary policy evaluation that addresses this concern: we elicit expectations under alternative policy scenarios from...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654379

Show 2 more versions 2

Macro theory with measured expectations

Luetticke, Ralph; Roth, Christopher; Wiederholt, Mirko; … - 2026

Book / Working Paper

Macro theory with measured expectations

Luetticke, Ralph; Roth, Christopher; Wiederholt, Mirko; … - 2026

Book / Working Paper

Household behavior below the zero lower bound

Andersen, Asger Lau; Johannesen, Niels; Petersen, Jens … - 2026

How do households respond when deposit rates drop below zero? Using administrative micro data and exploiting cross-bank variation in interest rate policies, we study a major episode of negative deposit rates in Denmark affecting two thirds of household deposits. We find that households strongly...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654675

Show one more version 1

Household behavior below the zero lower bound

Andersen, Asger Lau; Johannesen, Niels; Petersen, Jens … - 2026

Book / Working Paper

Transitory shocks and consumption dynamics : pent-up demand or hand-to-mouth?

Brown, Martin; Hamoud, Mohamed; Toczynski, Jan - 2026 - This version: May 2026

We examine the recovery of U.S. consumer spending following the COVID-19 recession using monthly transaction data for over 34,000 individuals. We find limited evidence that cutbacks in spending on in-person services or durables during the recession generated pent-up demand. Instead, spending...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654807

The causal effects of tariff uncertainty on consumers' macroeconomic expectations and spending plans

Candia, Bernardo; Mitchell, James; Pfajfar, Damjan - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619007

A model of consumption with mental accounting and heterogeneous agents

Gimeno-Ribes, Jaime - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655481

Racial heterogeneity in consumption responses to the economic impact payment

Goto, Yulina; Nakajima, Makoto - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015609895

MT- HFCS 2023 report

Antonaroli, Valentina; Castaldo, Valerio Sergio - 2026

The fifth wave of the Household Finance and Consumption Survey (HFCS) offers an updated and comprehensive view of Maltese households' financial position in the post-pandemic period. Based on microdata collected for 2023, this edition introduces two analytical dimensions: in addition to the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612296

Intertemporal self-insurance and excess sensitivity of affluent households

Savoia, Ettore - 2026

This paper studies household consumption behavior when saving motives differ due to preference or income risk heterogeneity. I show that self-insurance operates along two margins: a standard liquidity margin determined by the level of current resources and an intertemporal margin governed by...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612455

Lending to vulnerable households and consumption : evidence from Korea

Lee, Jieun; Shim, Ilhyock - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613792

Monetary policy transmission to consumption : inequalities by gender and race

Puig, Aina - 2026

This paper estimates the causal effects of monetary policy shocks on household consumption, with additional analysis of labor market and income responses, disaggregated by gender and race. I find that contractionary monetary policy reduces consumption more for black than white households, with...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614177

End-of-life medical spending : patterns and household spillovers

Ahammer, Alexander; Matic, Lea-Karla - 2026

Medical spending is highly concentrated at the end of life and varies widely across patients, raising a first-order welfare question about whether marginal end-of-life spending reflects waste or generates meaningful benefits. Using Austrian administrative data, we document that endof- life...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015596330

Show 2 more versions 2

End-of-life medical spending : patterns and household spillovers

Ahammer, Alexander; Matic, Lea-Karla - 2026

Book / Working Paper

End-of-life medical spending : patterns and household spillovers

Ahammer, Alexander; Matic, Lea-Karla - 2026

Book / Working Paper

Household consumption expenditure determinants across poverty subgroups in Sub-Sahara Africa : evidence from the Ghanaian living standard survey

Agyepong, Lawrence; Kuuwill, Ametus; Kimengsi, Jude Ndzifon - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015596949

Not all shocks are shared equally : commodity exporters and international risk sharing

Luttini, Emiliano; Mekonnen, Dawit; Mercer-Blackman, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619022

Show one more version 1

Not All Shocks Are Shared Equally : Commodity Exporters and International Risk Sharing

Luttini, Emiliano; Mekonnen, Dawit; Mercer-Blackman, Valerie - 2026

Book / Working Paper

Human Development Index (HDI) of Indian states : 2022-23

Mukherjee, Sacchidananda; Jadhav, Vivek - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015591413

Cooling the Kingdom : long-term impacts of climate change on electricity demand and household expenditure in Saudi Arabia

Ilyas, Ansir; Kamboj, Puneet; Alswaina, Fahad; Shetty, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015579020

Windfall income shocks with finite planning horizons

Boutros, Michael - 2026

I study how the cognitive demands of financial planning shape household decisionmaking with respect to consumption out of windfall income shocks. I build a quantitative model of bounded rationality in which reoptimization is costly. Households respond to windfall income shocks by choosing a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580415

Show one more version 1

Windfall income shocks with finite planning horizons

Boutros, Michael - 2022 - Last updated: September 20, 2022

Edition: Last updated: September 20, 2022

Book / Working Paper

Unemployment, benefits and household spending : new evidence from UK bank account data

Delestre, Isaac; Waters, Tom - 2026

The risk of a worker falling into unemployment represents one of the most important threats to the stability of households' finances - both in terms of lower spending (and hence living standards) and in terms of a greater degree of financial distress (such as the accumulation of unmanageable...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606089

How do interest rates affect consumption? : household debt and the role of asset prices

Foulis, Angus; Hazell, Jonathon; Mian, Atif; Tracey, Belinda - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606982

Show 2 more versions 2

How do interest rates affect consumption? : household debt and the role of asset prices

Foulis, Angus; Hazell, Jonathon; Mian, Atif; Tracey, Belinda - 2026

Book / Working Paper

How Do Interest Rates Affect Consumption? : Household Debt and the Role of Asset Prices

Foulis, Angus K.; Hazell, Jonathon; Mian, Atif; Tracey, … - 2026

Book / Working Paper

The effects of fiscal news on household expectations and spending : new causal evidence

Shim, Myungkyu; Kim, Kwang Hwan; Lee, Myunghwan Andrew; … - 2026

We provide experimental evidence on how fiscal news shapes households' expectations and spending behavior. Using a new survey of ~11,000 Korean individuals linked to automatically collected high-frequency spending data, we elicit respondents' fiscal and macroeconomic beliefs and randomly provide...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015624661

Show 2 more versions 2

The effects of fiscal news on household expectations and spending : new causal evidence

Shim, Myungkyu; Kim, Kwang Hwan; Lee, Myunghwan Andrew; … - 2026

Book / Working Paper

The Effects of Fiscal News on Household Expectations and Spending : New Causal Evidence

Shim, Myungkyu; Kim, Kwang Hwan; Lee, Myunghwan Andrew; … - 2026

Book / Working Paper

Consumption Insurance over the life cycle

Cerletti, Enzo A.; Cortés, Tomás - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625261

Individual-level inequality

Cherchye, Laurens; Rock, Bram de; Vermeulen, Frederic - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625393

Show one more version 1

Individual-level inequality

Cherchye, Laurens; Rock, Bram de; Vermeulen, Frederic - 2026

Book / Working Paper

Households' inflation expectations and consumption in macroeconomic models : a negative real income channel

Mašek, Frantisek - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625682

Revisiting the consumption puzzle at retirement

Labeaga, José M.; Sánchez-Robles Rute, Blanca - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626549

Who scores from hosting sports events? : local spending effects of the EURO 2024

Dorn, Florian; Gasser, Marie-Theres; Kloiber, Kevin; … - 2026

Hosting mega-sports events generates optimistic projections of economic benefits, yet empirical evidence on actual local returns remains mixed. Focusing on the UEFA EURO 2024 in Germany, this paper provides causal evidence on the short-term local consumption effects of hosting mega-events. We...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626575

Small area consumption estimates combining survey and financial footprints data

Levell, Peter; Nesheim, Lars; Vyas, Gautam - 2026

We use small-area estimation methods that combine information from a household budget survey, a much larger survey of local demographics and employment, and area-level information on bank account outflows and energy consumption to estimate average equivalised consumption measures across 367...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626923

Show one more version 1

Small area consumption estimates combining survey and financial footprints data

Levell, Peter; Nesheim, Lars; Vyas, Gautam - 2026

Book / Working Paper

Inflation inattention and the consumption gap

Di Bartolomeo, Giovanni; Ferlaino, Francesco; Serpieri, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638015

Regulating ceremonial spending : top-down or bottom-up?

Aldashev, Alisher; Danzer, Alexander M. - 2026

Ceremonies are central to social life, yet the pressure to conform to community spending norms traps households in a collectively suboptimal equilibrium, imposing severe financial burdens. Using nationally and regionally representative longitudinal data from Tajikistan and Kyrgyzstan, we...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638310

Show one more version 1

Regulating ceremonial spending : top-down or bottom-up?

Aldashev, Alisher; Danzer, Alexander M. - 2026

Book / Working Paper

Monetary policy according to households : perceptions, reactions, and channels

Grigoli, Francesco; Sandri, Damiano; Gorodnichenko, Yuriy; … - 2026 - This draft: April 21, 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015668363

Show 2 more versions 2

Monetary policy according to households : perceptions, reactions, and channels

Grigoli, Francesco; Sandri, Damiano; Gorodnichenko, Yuriy; … - 2026

Book / Working Paper

Monetary policy according to households : perceptions, reactions, and channels

Grigoli, Francesco; Sandri, Damiano; Gorodnichenko, Yuriy; … - 2026

Book / Working Paper

Subjective uncertainty and the marginal propensity to consume

Koşar, Gizem; Melcangi, Davide - 2026

Earnings uncertainty is central to most heterogeneous-household models. Yet, there is little evidence on how subjective uncertainty, the uncertainty individuals actually perceive, is related to consumption behavior. Using unique data from the Survey of Consumer Expectations, we show that the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638547

Show one more version 1

Subjective uncertainty and the marginal propensity to consume

Koşar, Gizem; Melcangi, Davide - 2025

Book / Working Paper

Evaluating the impact of targeted decentralization on household consumption : evidence from marginalized and privileged regions in Kenya

Changwony, Frederick Kibon - 2026

This paper evaluates the impact of Kenya's 2010 constitutional reform, which established 47 semi-autonomous counties and implemented a nationwide decentralization framework with redistributive fiscal transfers favoring 14 historically marginalized regions through a revenue-sharing formula and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639036

When wording changes what we find : the impact of inflation expectations on spending

Assenza, Tiziana; Huber, Stefanie J.; Mogilevskaja, Anna; … - 2026

We use a randomized experiment in the Bundesbank Online Panel-Households (n ≈ 3, 900) to show that the estimated link between inflation expectations and household consumption flips sign depending on survey wording. This finding reconciles prior contradictory results and has direct implications...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639077

Show one more version 1

When wording changes what we find : the impact of inflation expectations on spending

Assenza, Tiziana; Huber, Stefanie J.; Mogilevskaja, Anna; … - 2025

Book / Working Paper

Immigration enforcement visibility and consumer spending

Balanzó, Uma de; Rodríguez-Planas, Núria; Roff, Jennifer - 2026

We exploit the sharp escalation in community-based ICE enforcement following the January 2025 inauguration to estimate the causal effect of immigration enforcement on consumer spending. Using Synthetic Difference-in-Differences with cross-state variation in surge intensity as the identifying...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640001

Show 2 more versions 2

Immigration enforcement visibility and consumer spending

Balanzó, Uma de; Rodríguez-Planas, Núria; Roff, Jennifer - 2026

Book / Working Paper

Immigration enforcement visibility and consumer spending

Balanzó, Uma de; Rodríguez-Planas, Núria; Roff, Jennifer - 2026 - Version May 2026

Edition: Version May 2026

Book / Working Paper

The macroeconomic impact of reducing gross gambling yield : an empirically-informed model

Simpson, Katherine; Szendrei, Tibor; Gu, Jingyi; Roy, Graeme - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640057

Who Smooths the Shock? Government and Private Saving in International Risk Sharing

Bokhua, Giorgi; Islamaj, Ergys - 2026

This paper examines the channels through which countries smooth income volatility, emphasizing the distinct roles of public and private saving across levels of development and macroeconomic characteristics. Using a panel of 134 countries over 1990–2023 and an accounting-based decomposition of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641172

Mortgage end, consumption reaction and portfolio allocation

Castagno, Elisa - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015642029

The finances of Chilean households during the pandemic : an assessment from the 2021 Household Financial Survey

Cerletti, Enzo; Cortina, Magdalena; Inzunza, Alejandra; … - 2026

The policies adopted in Chile to mitigate the impact of the Covid-19 pandemic stand out for their magnitude: they implied an increase in the liquidity of the household sector of 29 % of the 2019 GDP in an interval of 18 months. We use the 2021 Chilean Household Financial Survey to assess the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644011

Show one more version 1

The finances of Chilean households during the pandemic: an assessment from the 2021 Household Financial Survey

Cerletti, Enzo; Cortina, Magdalena; Inzunza, Alejandra; … - 2024

Book / Working Paper

Asset market participation, redistribution, and asset pricing

Gaudio, Francesco Saverio; Petrella, Ivan; Santoro, Emiliano - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644070

Show one more version 1

Asset market participation, redistribution, and asset pricing

Gaudio, Francesco Saverio; Petrella, Ivan; Santoro, Emiliano - 2023

Book / Working Paper

Household debt, the real economy, and financial stability : a literature review

Nyholm, Juho; Silvo, Aino - 2026

The Global Financial Crisis of 2007-2009 moved research on household debt and its aggregate implications to the forefront of macroeconomics. In this review, we offer a synthesis of this large body of both empirical and theoretical research, and an overview of the most important themes for future...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644270

Can models with idiosyncratic risk solve the equity premium puzzle? : redux

Kozliakov, Gleb; Marin, Emile A.; Singh, Sanjay R. - 2026

Can idiosyncratic risk explain the equity premium? We revisit this question using a novel measure of imperfect risk sharing, implied by a large class of heterogeneous-agent models, constructed using household-level panel data. We identify a group of households - with relatively high income but...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644335

Show one more version 1

Can models with idiosyncratic risk solve the equity premium puzzle? : redux

Kozliakov, Gleb; Marin, Emile A.; Singh, Sanjay R. - 2026

Book / Working Paper

Comment on “Mental accounts and consumption sensitivity across the distribution of liquid assets” by Graham and McDowall (2026)

Gimeno-Ribes, Jaime - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655630

Fiscal policy transmission through production networks with heterogeneous households

McMiken, Shane; Müller, Tobias - 2026

We study how sector-specific fiscal policy propagates in an economy with heterogeneous households and production networks. We develop a multisector New Keynesian model in which input-output linkages interact with differences in households' marginal propensities to consume (MPCs). We show that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655781

Inequality of Opportunity in South Asia : The Puzzle of Educational Gains Without Consumption Gains

Bussolo, Maurizio; Peragine, Vito; Reutzel, Fabian - 2026

More than two decades of sustained economic growth in South Asia brought significant reductions in poverty, yet inclusive social progress has remained elusive. Using a pseudo-panel approach with a large-scale harmonized dataset of 20 million observations across seven South Asian countries, this...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655966

Household Finance and Consumption Survey : methodological report for the 2023 wave

2026

This report summarises the methodologies used in the fifth wave of the Eurosystem Household Finance and Consumption Survey, which provides household-level data collected in a harmonised way in the 20 euro area countries at the time of collection, as well as in the Czech Republic and Hungary. The...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656237

Household Finance and Consumption Survey : results from the 2023 wave

2026

This report summarises the stylised facts from the 2023 wave of the Eurosystem Household Finance and Consumption Survey, which provides household-level data collected in a harmonised way in 20 euro area countries, as well as in the Czech Republic and Hungary, for a sample of almost 90,000...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656244

Consumption responses to rising mortgage rates : unpacking the cashflow channel of monetary policy

Andersen, Asger Lau; Jakobsen, Andreas; Jørgensen, … - 2026

We study the transmission of rising interest rates to consumption using granular customer data from a major bank in Denmark. We show that households with adjustable-rate mortgages gradually reduced spending and increased deposits as market rates soared in 2022 but made no further spending cuts...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656790

Show one more version 1

Consumption responses to rising mortgage rates : unpacking the cash-flow channel of monetary policy

Andersen, Asger Lau; Jakobsen, Andreas; Jørgensen, … - 2026

Book / Working Paper