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Household Saving Behaviour and Credit Constraints in the Euro Area

Le Blanc, Julia - 2015

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 …

Persistent link: https://www.econbiz.de/10013020673

Mortgage Indebtedness and Household Financial Distress

Georgarakos, Dimitris - 2010

-adjusted income levels, various socioeconomic characteristics, housing traits, country-specific constant terms, and household …

Persistent link: https://www.econbiz.de/10013147952

Liquidity Constraints, Risk Premia, and the Macroeconomic Effects of Liquidity Shocks

Jaccard, Ivan - 2013

We study the transmission of liquidity shocks in a dynamic general equilibrium model where firms and households are subject to liquidity risk. The provision of liquidity services is undertaken by financial intermediaries that allocate the stock of liquid asset between the different sectors of...

Persistent link: https://www.econbiz.de/10013086095

Wealth Shocks, Credit-Supply Shocks, and Asset Allocation : Evidence from Household and Firm Portfolios

Kick, Thomas K. - 2014

We use a unique dataset with bank clients' security holdings for all German banks to examine how macroeconomic shocks affect asset allocation preferences of households and non-financial firms. Our analysis focuses on two alternative mechanisms which can influence portfolio choice: wealth shocks,...

Persistent link: https://www.econbiz.de/10013057161

Household Debt Sustainability : What Explains Household Non-Performing Loans? An Empirical Analysis

Rinaldi, Laura; Sanchis-Arellano, Alicia - 2021

Sound household financial conditions are relevant for both financial and monetary stability. Therefore, we analyse … household financial fragility in a sample of euro area countries with the aim to shed some light on the nature of the large debt … increase accumulated in recent years. We focus on household arrears on payment obligations, which are one of the most direct …

Persistent link: https://www.econbiz.de/10013318115

A Non-Standard Monetary Policy Shock : The ECB’s 3-year LTROs and the Shift in Credit Supply

Darracq Pariès, Matthieu - 2013

The identification of non-standard monetary policy shocks is a key challenge for econometricians, not least as these measures are somewhat unprecedented in modern central banking history and as the instruments vary widely across the various non-standard measures. This paper focuses on the 3-year...

Persistent link: https://www.econbiz.de/10013088278

Loan Supply Shocks and the Business Cycle

Gambetti, Luca - 2012

This paper provides empirical evidence on the role played by loan supply shocks over the business cycle in the Euro Area, the United Kingdom and the United States from 1980 to 2010 by applying a time-varying parameters VAR model with stochastic volatility and identifying these shocks with sign...

Persistent link: https://www.econbiz.de/10013101121

Lending Standards and Macroeconomic Dynamics

Gete, Pedro - 2021

This paper proposes a tractable way to incorporate lending standards ("credit qualification thresholds") into macro models of financial frictions. Banks can reject borrowers whose risk is above an endogenous threshold at which no lending rate sufficiently compensates banks for the borrowers’...

Persistent link: https://www.econbiz.de/10013315376

Not All Shocks are Created Equal : Assessing Heterogeneity in the Bank Lending Channel

Blattner, Laura; Alcoforado Farinha, Maria Luísa; … - 2021

easing (QE). We study how lending responds to each shock using detailed bank, firm, and household data from Portugal, a …

Persistent link: https://www.econbiz.de/10013324101

The Impact of Credit Supply Shocks in the Euro Area : Market-Based Financing Versus Loans

Barauskaite, Kristina; Nguyen, Anh D. M.; Rousová, Linda; … - 2022

Using a novel quarterly dataset on debt financing of non-financial corporations, this paper provides the first empirical evaluation of the relative importance of loan and market-based finance (MBF) supply shocks on business cycles in the euro area as a whole and in its five largest countries. In...

Persistent link: https://www.econbiz.de/10013405076