Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the … United States. Using a large panel, this paper first demonstrates that individuals gain and lose access to credit frequently … and often have their credit limits reduced unexpectedly. Credit limit volatility is larger than most estimates of income …

significant and economically important determinants of household saving preferences and credit constraints. …We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new …

, where the price of credit impacts the quantity of leverage households choose. Mortgages are supplied by financial … realistic boom in household borrowing, debt-financed consumption, and house prices. This boom results in a larger bust in asset … prices and household borrowing in future financialcrises …

We study an Agent-based model of household-bank relationships where households borrow for the purpose of consumption … control treatment. Varying the strength of the social orientation and prevailing credit constraints, we find that the time … path of macroeconomic time series is largely affected by the Joneses effect, while credit constraints determine their …

productivity was the shock that initiated the household debt boom and bust. The credit supply view is supported by four facts … in aggregate household debt. Fourth, the default crisis was driven mainly by lower credit score individuals. The view … that credit played only a passive role in explaining the rise in household debt and the subsequent default crisis is …

productivity was the shock that initiated the household debt boom and bust. The credit supply view is supported by four facts … in aggregate household debt. Fourth, the default crisis was driven mainly by lower credit score individuals. The view … that credit played only a passive role in explaining the rise in household debt and the subsequent default crisis is …

play in this respect focuses on corporate loans rather than on household credit. The improvement of financing conditions … stimulate household credit, in particular consumer loans. Nevertheless, in order to avoid past mistakes, regulators should … continue to develop a framework where consumer loans (and by extension household credit) contributes to the economy in a …