We evaluate the impact of loan-to-value restrictions on household financial vulnerability. Using Norwegian tax data, we first document a beneficial leverage effect, in which households respond to the regulation by reducing house purchase probabilities, debt and interest expenses. Second, we...

This paper investigates how monetary expansion affects household consumption and savings through household debts. Using monetary policy cuts in China in the end of 2008 as an experiment, we find that the resulted increase in indebted households’ disposable income leads to increasing...

This paper develops a new class of poverty and inequality measures we call common prosperity. This measure complements existing classes of measures and allows decomposition across income sources or components of consumption expenditure. This framework enables us to study the trade-off between...

Using OeNB Euro Survey data from fall 2020, we will briefly address the questions: Who has been affected by the covid-19 pandemic and how severely? We will look at the results along three dimensions: (1) across main socio-economic characteristics, (2) across regions and countries, (3) across...

Die zweitägige Academy of Behavioral Economics 2017 richtet sich an Entscheider, Denker und Berater aus Wirtschaft, Politik und Gesellschaft. Sie gewährt Einblicke in die Rolle des nur beschränkt rationalen, menschlichen Verhaltens sowie dessen Konsequenzen für Unternehmen, Märkte und...

Der 10. Europäische Trendtag liefert einen Führer durch neue Muster von Konsum im Zeitalter der Polarisierung. Und zeigt, was dieser Megatrend bedeutet: für Konsumenten, Bürgerinnen und Unternehmer. Lernen Sie von Start-ups und Technologie-Experten, von Trendforscherinnen und...

Der zweitägige Workshop «How to Design High Performance Institutions» gibt einen Einblick in die Rolle des menschlichen Verhaltens in Wirtschaft, Politik und Unternehmen. Dank Impulsreferaten der führenden Verhaltensökonomen – Ernst Fehr, Roberto Webers, Matthias Sutter, Armin Falk,...