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Consumption Effects of Mortgage Payment Holidays : Evidence During the COVID-19 Pandemic
Albuquerque, Bruno; Varadi, Alexandra - 2022
We use UK transaction-level data during the Covid-19 pandemic to study whether mortgage payment holidays (PH) can act … as a mechanism for smoothing household consumption following negative aggregate shocks. Our results suggest that mortgage … mortgage PH led to higher saving rates for more financially-stable households …
Persistent link: https://www.econbiz.de/10013294802
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Levelling Down and the COVID-19 Lockdowns : Uneven Regional Recovery in UK Consumer Spending
Gathergood, John; Gunzinger, Fabian; Guttman-Kenney, … - 2021
We show the recovery in consumer spending in the United Kingdom through the second half of 2020 is unevenly distributed across regions. We utilise Fable Data: a real-time source of consumption data that is a highly correlated, leading indicator of Bank of England and Office for National...
Persistent link: https://www.econbiz.de/10013242820
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Did Mortgage Forbearance Reach the Right Homeowners? Income and Liquid Assets Trends for Homeowners during the COVID-19 Pandemic
Farrell, Diana; Greig, Fiona; Zhao, Chen - 2020
COVID-19 devastated the US labor market threatening homeowners’ ability to stay current on their mortgage. During the … Great Recession, payment relief was more difficult to come by whereas the Coronavirus Aid, Relief, and Economic Security …-related hardship. However, the CARES Act did not cover everyone—it was silent on non-federally backed mortgage holders and those …
Persistent link: https://www.econbiz.de/10014351996
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How Does Household Spending Respond to an Epidemic? Consumption During the 2020 COVID-19 Pandemic
Baker, Scott R. - 2020
We explore how household consumption responds to epidemics, utilizing transaction-level household financial data to investigate the impact of the COVID-19 virus. As the number of cases grew, households began to radically alter their typical spending across a number of major categories. Initially...
Persistent link: https://www.econbiz.de/10012838181
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Fiscal policies and household consumption during the COVID-19 pandemic : a review of early evidence
Hackethal, Andreas; Weber, Annika - 2020
We review early evidence on how household consumption behavior has evolved over the pandemic and how different groups of households have responded to fiscal stimulus programs. Due to the scarcity of evidence for Europe, our review focuses on evidence from the US. Notwithstanding the...
Persistent link: https://www.econbiz.de/10012318907
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Household Behavior (Consumption, Credit and Investments) During the COVID-19 Pandemic
Yannelis, Constantine; Amato, Livia - 2022
The 2020 Covid-19 pandemic led to a large number of studies in household finance, using new high-frequency data in close to real time. This paper surveys household behavior during the pandemic, with a focus on consumption, government policies, credit and investment. The pandemic induced a rapid...
Persistent link: https://www.econbiz.de/10014236482
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Diversification of student consumption during the pandemic : Albania, Poland and Portugal
Grzywińska-Rąpca, Małgorzata; Duarte, Nelson; Kulli, … - In: Central European economic journal 9 (2022) 56, pp. 309-322
-CoV-2 coronavirus. The study was conducted on a sample of 668 students of the Qiriazi University College and Aldent … caused by the COVID-19 epidemic may be the cause of many adverse changes in various areas of life. The empirical study aimed …
Persistent link: https://www.econbiz.de/10013502256
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Tapping Home Equity : Income and Spending Trends Around Cash-Out Refinances and HELOCs
Farrell, Diana; Greig, Fiona; Zhao, Chen - 2021
-level servicing data from Chase mortgage customers combined with corresponding Chase deposit account data from 2012 to 2018, we create …
Persistent link: https://www.econbiz.de/10013250268
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Mortgage choice and expenditure over the lifecycle : evidence from expiring interest-only loans
Andersen, Henrik Yde; Bech, Stine Ludvig - 2020
We study how homeowners' consumption responds to a negative and anticipated disposable income shock: the beginning of the amortisation period on interest-only mortgages. We identify spending behavior through an event study approach, by matching loan-level data that covers the universe of Danish...
Persistent link: https://www.econbiz.de/10012149871
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Family Finances and Debt Overhang : Evolving Consumption Patterns of Spanish Households
Sala, Hector; Trivín, Pedro - 2022
This paper studies the direct impact of households' debt on consumption over the business cycle. We use household-level panel data for Spain, and focus on a interesting period of analysis, 2002-2017, characterized by large variations in leverage, consumption, and asset prices. We find that debt...
Persistent link: https://www.econbiz.de/10013406441