net wealth, income, age and housing status distributions for the euro area as a whole and for individual countries, and … document substantial heterogeneity across these dimensions. The median household in the euro area has a positive interest rate …

deteriorating household balance sheets? This paper examines the question using household data from the United States. It compares … the responsiveness of household consumption to monetary policy shocks in the pre- and post-crisis periods, relating … changes in monetary transmission to changes in household indebtedness and liquidity. The results show that the responsiveness …