confidence shock in the Southern European countries and a shift in consumer preferences in the Northern Eu-ropean countries …

Sound household financial conditions are relevant for both financial and monetary stability. Therefore, we analyse … household financial fragility in a sample of euro area countries with the aim to shed some light on the nature of the large debt … increase accumulated in recent years. We focus on household arrears on payment obligations, which are one of the most direct …

which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …-form simulation on micro data from the Household Finance and Consumption Survey, capturing the income composition, the portfolio …

countries. We estimate the MPC based on a cross-country harmonized household level dataset which combines surveys on wealth …. Fifth, we find evidences that housing prices shock decreases consumption inequality while financial wealth shocks have a …

framework illustrating the numerous channels of the transmission mechanism of surprise inflation to household welfare guides our …

Autoregressions which explicitly considers the seasonal dependence of the shock. Results suggest the presence of significant country …

. Based on these findings, we discuss implications for fiscal policy and publiclyprovided disaster insurance. Our policy …