relative terms, and an overall improvement in household credit standing. New financing of durable consumption by borrowers with …-constrained households initially use more than 70% of the extra liquidity generated by mortgage rate reductions to repay credit card debt-- a …This paper investigates the impact of lower mortgage rates on household balance sheets and other economic outcomes …

in household credit standing. We identify important heterogeneity in the ability of monetary policy to stimulate … households' consumption: Low-wealth borrowers are especially responsive to reductions in mortgage payments, while credit …This paper investigates the impact of lower mortgage rates on household balance sheets and other economic outcomes …

relative terms, and an overall improvement in household credit standing. New financing of durable consumption by borrowers with …-constrained households initially use more than 70% of the extra liquidity generated by mortgage rate reductions to repay credit card debt-- a …This paper investigates the impact of lower mortgage rates on household balance sheets and other economic outcomes …

. This paper uses household-level data from the 'experiment' of German reunification that (exogenously) offered to East …-unification participation of former East and West Germans in financial products, controlling for relevant household characteristics. We vary … familiarity differentials by considering (i) both unfamiliar 'capitalist' products (stocks, bonds, and consumer credit) and ones …

that household consumption drops after a child moves out of a household, while at the same time, per capita consumption …Based on the Italian Survey on Household Income and Wealth (SHIW) and the German Socio-economic Panel (SOEP), we show …

Household access to financial products is often conditioned on previous use. However, banning access when learning is … participated immediately, were as likely to use unfamiliar risky securities as West Germans, and more likely to use consumer debt …