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This study focuses on the financialization of the U.S. household sector, featuring enhanced access to credit and ease … household income shows that the continued decline in household saving in the 1990s was broadly based and included middle …
Persistent link: https://www.econbiz.de/10009560921
transmission. We trace the impact of shifts in non-price household credit conditions through joint estimation of a system of error … for income and household portfolios, easier credit conditions raise house prices, debt and consumption. However, unlike in …
Persistent link: https://www.econbiz.de/10011408596
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household production in the face of a crisis and the failed response of other institutions. Doing so on a regular basis when … drawn from both economic crises and natural disasters. It also explores the “coping costs” of household disaster … to do their jobs more effectively to avoid the excessive costs associated with unnecessary household human capital …
Persistent link: https://www.econbiz.de/10012910180
We follow a representative panel of millions of consumers in the U.S. from 2007 to 2017 and document several facts on the long-term effects of the Great Recession. There were about six million foreclosures in the ten-year period after Lehman's collapse. Owners of multiple homes accounted for 25%...
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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 …
Persistent link: https://www.econbiz.de/10012974168
Did the financial crisis spread from distressed banks to households through a contraction of the credit supply? We study this question with a dataset that contains observations on all accounts in Danish banks as well as comprehensive information about individual account holders and banks. We...
Persistent link: https://www.econbiz.de/10013010472