This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …

The combination of credit constraints and indivisible consumption goods may induce some risk-averse individuals to …

We use direct evidence on credit constraints to study their importance for household consumption growth and for welfare …. We distentangle the direct effect on consumption growth of a currently binding credit constraints from the indirect … effect of a potentially binding credit constraint which generates consumption risk. Our data is focused on job losers. We …