unique panel dataset of household's credit and debit card spending, ATM withdrawals, financial investments into risky assets …. These results highlight how the heterogeneity in contract design and household wealth affects the monetary policy pass-through …

We show that expansionary monetary policy is associated with higher household portfolio allocation to high risk assets … analysis of US household level panel data using alternative measures of monetary policy shifts over the period 1999-2007. Using … results highlight the role of self-reported risk attitudes in affecting the response of household portfolios to monetary …

In this paper we study the role of household portfolio rebalancing channel for the aggregate and redistributive effects … subsequent wealth effect on consumption. In order to jointly study these effects, we introduce an heterogeneous household life … reduction in expected return on household portfolio. However, the strength of these two forces notably varies depending on …