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We explore how personality traits are related to household borrowing behavior. Using survey data representative for the … complement as well as substitute financial knowledge of a household. We present three sets of results. First, we find that …
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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 …
Persistent link: https://www.econbiz.de/10009760038
We study an Agent-based model of household-bank relationships where households borrow for the purpose of consumption …
Persistent link: https://www.econbiz.de/10010425727
through which financial system uncertainty affects household decisions. …
Persistent link: https://www.econbiz.de/10010414215
A unique Finnish household-level data from 1994 to 2009 allow us to measure how households' financial expectations are … related to the subsequent outcomes. We use the difference between the two to measure forecast errors and household optimism …
Persistent link: https://www.econbiz.de/10013104174
The paper provides a simple theoretical framework to assess the macroeconomic implications of debt-fuelled consumption. In particular, the analysis is conducted through an extended super-multiplier model with endogenous credit money, which highlights the role of the autonomous components of...
Persistent link: https://www.econbiz.de/10012900266