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This paper studies household financial choices in four euro area countries. The goal of the analysis is to understand … household income and asset market returns, has a differential impact on individuals within and across countries. Generally, poor …
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This paper studies the implications of household financial choices for the effects of monetary policy on consumption … heterogeneity in consumption responses, monetary policy, operating through its effects on household income and asset market returns …
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Advanced countries worry about the future of their pay-as-you go pension schemes and try to introduce supplementary sources for revenue following employment termination. It is thus useful to understand how the pension schemes influence households behavior regarding saving and accumulation of...
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