economy. In the long run, increases in government debt anywhere raise the world interest rate and increase private wealth … savings ("excess savings") and a small but persistent current account deficit (a slow-motion "twin deficit"). These patterns …

We conduct a survey experiment among 18,000 respondents in Germany to examine the determinants of support for rent …

We conduct a survey experiment among 18,000 respondents in Germany to examine the determinants of support for rent …

Using micro-level data, we document a systematic, income-related component in household income forecast errors. We show … persistence of their income process. We then investigate the implications of these distortions on consumption and savings behavior …

how fluctuations in individual crypto wealth affect household consumption, equity investment, and local real estate … wealth causes house price appreciation--counties with higher crypto wealth see higher growth in home values following high …

or tightening access to mortgages may affect the distribution of household wealth in the country. In a stylised model we … emerging markets and advanced countries alike. Given that housing is the most important asset in household portfolios, relaxing … show that the final level of wealth inequality depends on the size of the LTV ratio, housing prices, credit cost and the …

Economic policy uncertainty is proven to have an important effect on household consumption. However, the literature on …, is limited. In this paper, we propose two channels through which economic policy uncertainty affects household … consumption, the precautionary saving channel and the investment-employment channel. Then, we use the household survey data (China …

Using representative household surveys conducted in Thailand and Vietnam during the COVID-19 pandemic, we find that the … the savings position plays a crucial role, as the effects are especially pronounced for households that experienced a … decline in savings. This result contradicts a prediction from the life-cycle permanent income model with borrowing constraints …