This paper discusses the evolution of the household debt in Australia and finds that while higher-income and higher … depending on the level of household debt. The results corroborate other work that households' response to monetary policy shocks …

High household wealth is often cited as a key strength of the Italian economy. Both in absolute terms and relative to … income, the Italian household sector is wealthier than most euro area peers. A sizable fraction of this wealth is held by the … rich and upper middle classes. This paper documents the changes in the Italian household sector's financial wealth over the …

This paper uses six waves of the Bank of Italy Survey of Households Income and Wealth to explore the dynamics of asset … portfolio ownership. The household asset portfolio decision is a choice among discrete alternatives, and I model the problem in … a multinomial framework. I focus on a particularly important feature of household portfolio behavior: the infrequency of …

impact on the economy. I analyze household data for Italy and the United Kingdom, countries that differ dramatically in their … constraints only in Italy and habit formation exclusively in the United Kingdom …

deteriorating household balance sheets? This paper examines the question using household data from the United States. It compares … the responsiveness of household consumption to monetary policy shocks in the pre- and post-crisis periods, relating … changes in monetary transmission to changes in household indebtedness and liquidity. The results show that the responsiveness …

We analyze how regulatory constraints on household leverage-in the form of loan-to-income and loan-to-value limits …

administrative (social security) data from Italy between 1985 and 2016. During the time covered by our data, earnings inequality and … contributed to the slowdown in labor productivity in Italy by delaying human capital accumulation (in the form of general and firm …