estimates the impact of the Covid-19 crisis on consumption. The panel provides, each month, household-specific indicators of the … concern causes a significant reduction in nondurable consumption. The paper also explores the potential impact on consumption … of government interventions and of another wave of Covid-19, using household-level consumption adjustments to scenarios …

-44 year-old winning; (iii) losses were quite uniform across consumption quantiles because rigid rents served as a hedge for …

consumption and hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to …

level under neutral taxation. On average, the tax subsidy translates into an excess consumption of housing services …

Using a dedicated set of questions in the 2014 Luxembourg Household Finance and Consumption Survey (LU-HFCS), we show …

This paper presents a simple new method for measuring `wealth effects' on aggregate consumption. The method exploits … the stickiness of consumption growth (sometimes interpreted as reflecting consumption `habits') to distinguish between … ; Wealth Effect, Consumption Dynamics, Asset Prices …

reduction in homeownership across generations. Lower-income households find it harder to buy housing, and as a result accumulate …

Economic theory predicts that the consumption path of unconstrained homeowners responds to the interest rate, while the … consumption path of credit constrained homeowners is determined by the size and timing of payments (mortgage maturity). We exploit … to estimate group-specific consumption responses to changes in the credit conditions. Our estimates suggest that the …

depressing household consumption during the crisis in Ireland. The long recovery of consumption is also related to high levels of …