effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a …

the macro level a flexible monetary regime is associated with fewer cutbacks in household consumption. At the meso level … impact of income shocks on household consumption, with the former especially important in middle-income countries …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …

We use data for nearly 800,000 Danish families to examine whether high household leverage prior to the financial crisis … may have amplified the reduction in household spending over the course of the crisis. We find a strong negative … other household characteristics. The larger drop in spending among the highly leveraged families reflects that these …