We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new … harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the …

This paper studies the implications of household financial choices for the effects of monetary policy on consumption … income ratios by education and country. The policy functions based upon the estimation are used to characterize the … heterogeneity in consumption responses, monetary policy, operating through its effects on household income and asset market returns …

This paper studies household financial choices in four euro area countries. The goal of the analysis is to understand …. The estimation of key parameters uses a simulated method of moments approach to match moments related to asset market … estimation are used to characterize the distributions of the marginal propensity to consume across households for each of the …