This paper studies the implications of household financial choices for the effects of monetary policy on consumption … heterogeneity in consumption responses, monetary policy, operating through its effects on household income and asset market returns … stock returns. Monetary policy has a larger impact on consumption in Italy and Spain compared to France and Germany …

supermarket entry on household welfare. The richness of the microdata allows us to estimate a general expression for the gains … large and significant welfare gains for the average household that are mainly driven by a reduction in the cost of living …

individual-pre-tax and household-post-tax earnings and across administrative (Social Security Administration) and survey (Panel … Study of Income Dynamics) data. We estimate two alternative processes for household after-tax earnings and study their …

We construct key household and individual economic variables using a panel micro data set from the Russia Longitudinal …

expansion of household debt, the boom in housing, and declining flows of household savings into deposit institutions. These data …

This paper assesses the impacts across US household income groups of carbon taxes of various designs. We consider both …

To what extent does household inequality affect the response of aggregate consumption to aggregate real shocks? We … first review two state-of-the-art papers with household heterogeneity and aggregate uncertainty. They teach us that having a …