obtain a representative euro area dataset with detailed information on household balance sheets and consumption. I use a … revised from the standard model - the redistribution channel with household heterogeneity makes up 14 percent of the total …

household debt. Using an original loan-level dataset covering the universe of UK mortgages, we assess the effect of monetary … contrast, we find no evidence that the average level of borrowing relative-to-income of the household sector affects the …

During the first decade of the 21st century, household FX loans spread in numerous countries in Central and Eastern …. Disregarding countries that joined the euro area, Hungary was the only state where household FX loans were completely phased out … about the causes and the impact of unsecured FX lending in the household sector and analyses the phasing-out of the …

This study investigates the interrelation between the household leverage cycle, collateral constraints, and monetary … fall in economic activity during periods of household deleveraging. In contrast, monetary policy shocks only have … insignificant effects during a household leveraging state. These results are robust to alternative definitions of leveraging and …

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 …

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 …

This paper studies the impact of household indebtedness on the consumption channel of monetary policy using the Chinese … household-level survey data. We employ a panel smooth transition regression model to investigate the non-linear role of … there is a much larger counteraction of consumption in response to monetary policy shocks when household indebtedness …