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...

Econometric Society DSE summer school is annual short course in dynamic structural econometrics and computational methods more generally, paired with an associated two day conference in the same general area. DSE conference and summer school have a special theme that varies from year to...

The theme of the Dynamic Structural Econometrics Conference 2021 is “Household decision making and human capital in life-cycle models”. The conference brings together top junior and senior researchers from the field to discuss recent advances in theoretical and applied work. Due to the...