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...

The European Central Bank organises a biennial conference on household finance and consumption. Its objective is to foster empirical and theoretical research on the implications of household heterogeneity for the accumulation of assets and debt, consumption/saving behaviour and the transmission...

The aim of the workshop is to bring scholars together to present their current research involving expectations surveys. Contributions in the following areas are of particular interest: - factors influencing the way consumers and firms form expectations - the effect of policy measures on...

The focus of the Conference is on research that makes use of household level data, with a special interest in the data from the Household Finance and Consumption Survey (HFCS). Topics: - household consumption, saving, and portfolio choice - housing, mortgage markets, and financial markets -...

Topics: - Household consumption, saving, and portfolio choice - Housing, mortgage markets, and financial markets - Household finance, credit constraints and monetary policy - Household indebtedness and financial distress - Household finances and the financial and economic crisis - Financing...

The objective of the conference is to present research on household asset accumulation, debt, and consumption behaviour over the life cycle. The focus of the conference is on research that makes use of household survey data, with some preference for cross-country comparative analysis and for...

In most OECD countries the era of long-term care (LTC) has arrived. More than two out of five people aged 65 or older report having some type of functional limitation (sensory, physical, mental, self-care disability, or difficulty leaving home). A few years from now, the ageing trend will...