We have investigated the influence of fiscal instruments, notably taxes on income and government spending, on household … consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … dynamic panel models and the GMM approach for 32 advanced and emerging countries from 1995 to 2019. Our findings suggest that …

We review early evidence on how household consumption behavior has evolved over the pandemic and how different groups …

and household welfare. We estimate Euler equations and measure the volatility of unpredictable changes in consumption as …, and document that despite the increase in household debt between 1983 and 2007, there was no decline in the proportion of …

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 …

fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the … impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature …