Narrow search
Showing 1 - 10 of 42
Cover Image
Perceived precautionary savings motives : evidence from FinTech
D'Acunto, Francesco; Rauter, Thomas; Scheuch, Christoph; … - 2020
We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary...
Persistent link: https://www.econbiz.de/10012171775
Cover Image
Perceived precautionary savings motives : evidence from FinTech
Scheuch, Christoph; D'Acunto, Francesco; Rauter, Thomas; … - In: Essays on FinTech, (pp. 75-116, 135-145). 2020
We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary...
Persistent link: https://www.econbiz.de/10012416105
Cover Image
Perceived Precautionary Savings Motives : Evidence from Fintech
D'Acunto, Francesco; Rauter, Thomas; Scheuch, Christoph; … - 2022
We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary...
Persistent link: https://www.econbiz.de/10014239285
Cover Image
Perceived Precautionary Savings Motives : Evidence from FinTech
D'Acunto, Francesco - 2020
In a representative sample of new borrowers, access to lines of credit increases the spending of more liquid households permanently. Liquid consumers reduce their existing savings but do not tap into negative deposits, and hence do not raise debt. Through our FinTech bank setting, we elicit...
Persistent link: https://www.econbiz.de/10012846368
Cover Image
Perceived Precautionary Savings Motives : Evidence from FinTech
D'Acunto, Francesco - 2020
We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary...
Persistent link: https://www.econbiz.de/10012840540
Cover Image
Perceived Precautionary Savings Motives : Evidence from FinTech
D’Acunto, Francesco - 2020
We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary...
Persistent link: https://www.econbiz.de/10012482026
Cover Image
Perceived precautionary savings motives : evidence from FinTech
D'Acunto, Francesco; Rauter, Thomas; Scheuch, Christoph; … - 2020
Persistent link: https://www.econbiz.de/10012220035
Cover Image
The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications
Weber, Michael; D’Acunto, Francesco; Gorodnichenko, Yuriy - 2022
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013351930
Cover Image
Cognitive constraints and economic incentives
D'Acunto, Francesco; Hoang, Daniel; Paloviita, Maritta; … - 2023
targeting household consumption and debt and might lead to regressive redistribution from low- to high …
Persistent link: https://www.econbiz.de/10014285743
Cover Image
Households' response to the wealth effects of inflation
Schnorpfeil, Philip; Weber, Michael; Hackethal, Andreas - 2023
We study the redistributive effects of inflation combining administrative bank data with an information provision … unaware of nominal-debt erosion. Once they receive information on the debt-erosion channel, households update upwards their … beliefs about nominal debt and their own real net wealth. These changes in beliefs causally affect actual consumption and …
Persistent link: https://www.econbiz.de/10014340155