Using administrative credit report records and data collected through several special household surveys we analyze … changes in household debt and savings during the 2007 recession. We find that while different segments of the population were … higher saving rate appears to reflect a considerable decline in household debt, with households paying down mortgage debt in …

We follow a representative panel of US borrowers to study the suspension of household debt payments (debt forbearance …. This large amount of debt relief significantly dampened the household debt distress, which can help explain household …

with information on the reallocation of resources within, from, and to the household sector in response to macroeconomic … events. The household sector is both a propagator of shocks to the economy, as wealth is redistributed across households with … of information on household exposures to macroeconomic risk factors - can potentially lead to better macroeconomic …

We use U.S. household-level bank account data to investigate the heterogeneous effects of the pandemic on spending and …

lack of short-term spending contributed to strong household balance sheets as the direct economic effects of the pandemic …

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 …