In the 24 years since its introduction, the euro has experienced a financial crisis, a government debt crisis, a global pandemic, and an energy crisis-and survived. Using a model focusing on households, this Weekly Report shows that the monetary union’s stability is rooted in the fact that the...

Closely following the seminal contribution of Jappelli and Pistaferri (2014) - based on Italian household survey data - we employ data of 22 European countries to assess the role of heterogeneity of the marginal propensity to consume (MPC) for fiscal policy in the Euro area. We document an...

Confidence dropped universally across countries and sectors during the height of the COVID-19 pandemic in Europe. Latest survey data suggest that confidence is on track for a v-shaped recovery. The swift implementation of stringent containment measures as well as economic stimulus policy...

Key takeaways from our report: Counties with tourism-based economies were hit hardest. Rural and frontier counties experienced lower rates of unemployment. Most workers who lost jobs are looking for employment. More than 77 percent of Oregonians who were unemployed in June 2020 were looking for...

The aim of this article is to analyse and assess the impact of the COVID-19 pandemic on the consumer credit market in the countries of the Visegrad Group (V4, i.e., the Czech Republic, Poland, Slovakia, and Hungary). There is no doubt that the pandemic has determined the amount of household debt...

■ Restrictions on social activities and avoidance of in-person consumption due to Covid-19 drove down overall household consumption but increased in non-face-to-face consumption.○ In 2020, households significantly reduced in-person consumption due to infection concerns and social distancing...