We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new … harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the …

way to come up with a measure of time-varying disaster risk in the spirit of Wachter (2013). Our findings imply that both … the disaster and the long-run risk paradigm can be extended towards explaining movements in the stock-bond return …

. Randomization in the payment dates and daily scanner data allow us to identify the effects of these transfers on household spending …

document substantial heterogeneity across these dimensions. The median household in the euro area has a positive interest rate …

unions can demand different hours from different households, directly taking household heterogeneity into account. In this … households work the same amount but prohibits unions from requiring any household to work more than it would like to. This …

We discuss how cross-country unemployment insurance can be used to improve international risk sharing. We use a two … international risk sharing concerns enter the unemployment insurance trade-off. We calibrate our model to Eurozone data and find …