Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the … volatility and varies over the business cycle. While typical models of intertemporal consumption fix the credit limit, I … the United States hold both debt and liquid savings at the same time. The approach also offers an important new channel …

an innovative approach to identifying households likely in need of credit to investigate the effect on household spending … renters more than homeowners, with the strongest effects for households that likely need credit - those experiencing a …

We study an Agent-based model of household-bank relationships where households borrow for the purpose of consumption …. Desired consumption is driven by households disposable income as well as a social norm of consumption. If households care … conduct several computational experiments, where the absence of the social consumption norm (Joneses effect) functions as …

impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature …The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that … fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the …