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Alan, Sule; Dumitrescu, Ruxandra; Loranth, Gyongyi - 2011

We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit card company. What is novel about our contribution is that we were given details of a randomized interest rate experiment conducted by the lender between October 2006 and...

Persistent link: https://www.econbiz.de/10009640638

Managing household debts : social service provision in the EU ; Workshop report - Brussels, 25 June 2010

European Foundation for the Improvement of Living and … - 2010

Overall, household debt levels have risen sharply over the past decades in EU Member States. While certain levels of … household debts can be beneficial, they can become problematic especially with a sudden, unexpected decrease of incomes or …

Persistent link: https://www.econbiz.de/10011903923

Managing household debts : Social service provision in the EU ; Working paper

Dubois, Hans; Anderson, Robert - 2010

Household over-indebtedness is among the causes of the current financial crisis. In turn, the crisis exacerbated both … public and private debt problems. In this paper, household over-indebtedness is broadly defined as the situation where a … household cannot comply with payment requirements – whether it be mortgage, utility or consumer credit payments – on a …

Persistent link: https://www.econbiz.de/10011903924

Consumer inflation expectations in Poland

£yziak, Tomasz - 2003

pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the …

Persistent link: https://www.econbiz.de/10009635882

Consumption, habit persistence, imperfect information and the lifetime budget constraint

Willman, Alpo - 2003

Based on the householdsu0092 utility maximisation, a closed form approximation of the consumption function is derived and the deep parameters of the consumption function are estimated using aggregate euro area data. The novel element in our approach is the parameterisation of the information...

Persistent link: https://www.econbiz.de/10009635925

How much does the public know about the ECB's monetary policy?

Cruijsen, Carin van der; Jansen, David-Jan; Haan, Jakob de - 2010

Does the general public know what central banks do? Is this kind of knowledge relevant? Using a survey of Dutch households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge on the ECB’s objectives is far from perfect. Both a...

Persistent link: https://www.econbiz.de/10009640274

Mortgage indebtedness and household financial distress

Georgarakos, Dimitris; Lojschova, Adriana; … - 2010

-adjusted income levels, various socioeconomic characteristics, housing traits, country-specific constant terms, and household …

Persistent link: https://www.econbiz.de/10009640403

Choosing and using payment instruments

Kalckreuth, Ulf von; Schmidt, Tobias; Stix, Helmut - 2009

Germans are still very fond of using cash. Of all direct payment transactions, cash accounts for an astounding 82% in terms of number, and for 58% in terms of value. With a new and unique dataset that combines transaction information with survey data on payment behaviour of German consumers, we...

Persistent link: https://www.econbiz.de/10009640426

How effective are rewards programs in promoting payment card usage?

Carbó-Valverde, Santiago; Liñares-Zegarra, José M. - 2009

Card issuers have mainly relied on rewards programs as their main strategic driver to increase electronic payments. However, there is scarce evidence on the effectiveness of rewards programs. This paper offers novel evidence on two key issues: i) it measures the impact of rewards programs on the...

Persistent link: https://www.econbiz.de/10009640433

Public sector efficiency

Afonso, António; Schuknecht, Ludger; Tanzi, Vito - 2003

We compute public sector performance (PSP) and efficiency (PSE) indicators, comprising a composite and seven sub-indicators, for 23 industrialised countries. The first four sub-indicators are u0093opportunityu0094 indicators that take into account administrative, education and health outcomes...

Persistent link: https://www.econbiz.de/10009635959