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This paper utilizes high-quality transaction data from the largest bank in Denmark to study what drives the demand for high-cost consumption loans. I investigate the extent to which adverse events drive loan demand, or if it is more likely to be explained by borrowers' personality traits. I find...
Persistent link: https://www.econbiz.de/10013279865
We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …
Persistent link: https://www.econbiz.de/10011430780
We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …
Persistent link: https://www.econbiz.de/10011346295
We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …
Persistent link: https://www.econbiz.de/10011347156
through which financial system uncertainty affects household decisions. …
Persistent link: https://www.econbiz.de/10010414215
Persistent link: https://www.econbiz.de/10012178931
We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...
Persistent link: https://www.econbiz.de/10014364676
We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...
Persistent link: https://www.econbiz.de/10014339966
We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...
Persistent link: https://www.econbiz.de/10014372429
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 …
Persistent link: https://www.econbiz.de/10013087209