consumption growth driven by both rich and poor households: while the former were hit by large shocks to wealth, the latter also …-simulations to investigate heterogeneity in the euro area. We quantify shocks to wealth, income and financial pressure faced by … various categories of households since the onset of the Great Recession. The shocks differ substantially both across countries …

elasticities to maturity and interest rate. We find that households are responsive to both contract terms: a 1% decrease in …

inflation and are concerned about its impact on their wealth; yet, while many households know about inflation eroding nominal … inflation once households are aware of the wealth effects of inflation. … provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing …

We measure the heterogeneous welfare effects of the recent inflation surge across households in the Euro Area. A simple … the poor; (iv) nominal net positions are the key driver of heterogeneity across-households; (v) the rise in energy prices … most vulnerable households. …

We analyse the effect of shocks to housing wealth and income before and after the Great Recession. We combine datasets … containing information on expenditure, income, wealth and debt in a synthetic panel to understand how household indebtedness … affects the response to income and wealth shocks.We find evidence for both a housing wealth effect and income shocks …

Keynesian (HANK) model. The model yields empirically realistic distributions of household wealth and marginal propensities to …

life-time wealth and then the optimal consumption path. The derived model captures precautionary saving, which is dependent … on the human to non-human wealth ratio. On aggregate level, after accounting for habit formation, the model is able to …

generates saving dynamics such that the stationary distribution of wealth among households facing different risk levels is not … finding is particularly significant among unconstrained households and supported by models with precautionary saving only if …Using detailed micro-data, this paper documents that households with lower income risk (and higher income levels …

We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the … homogeneity across countries with respect to saving preferences and the relative importance of different motives for saving. In …