luxury goods. Moreover, uncertainty reduces household propensity to invest in mutual funds. These results support the notion … that macroeconomic uncertainty can impact household decisions and have large negative effects on economic outcomes …

This paper compares the survey results on savings deposits and estimates on total financial assets from the Household … Finance and Consumption Survey (HFCS) in Austria with administrative records from the national accounts for the household …

How do households adjust to a large debt shock? This paper studies household responses to a revaluation of foreign … currency household debt during a large depreciation in Hungary. Relative to similar local currency debtors, foreign currency …

We extend household-level data from the Household Finance and Consumption Survey using aggregate series and micro … incomes. Household deleveraging was primarily driven by the restrained mortgage borrowing by the young. In several countries …

cars. Moreover, we show that such beliefs also influence household expectations about own income prospects, future access … Ricardian effects in household behaviour. We find that perceptions affect spending also among households that did not receive …

Using a novel dataset for the US states, this paper examines whether household debt and the protracted debt … large imbalances in their household sector. This might be indicative of non-linearities, whereby indebtedness begins to bite …

equity. Using US household data from the Survey of Income and Program Participation for the period 1996-2006, we find that … applies. This home equity bias is also more pronounced if the household head is in poor health, increasing the chance of … tenures, and younger household heads, which taken together reflect households that face more financial uncertainty …