This paper studies the direct impact of households' debt on consumption over the business cycle. We use household …' debt in past periods are not relevant in determining consumption; (ii) households adjust faster their consumption to debt … leverage, consumption, and asset prices. We find that debt levels exert a negative impact on consumption, which is particularly …

This paper compares the main findings from the third wave of the Household Finance and Consumption Survey (HFCS) for … as a whole. At the same time, gross income of Maltese households stood notably lower when compared to the euro area … Malta with those for the euro area. This comparative report finds that in 2016 the median Maltese household held more real …

household assets and liabilities, income, and indicators of consumption and credit constraints. …This report summarises the stylized facts from the fourth wave of the Eurosystem Household Finance and Consumption … Survey, which provides household-level data collected in a harmonised way in all 19 euro area countries, as well as in the …

idea that borrowing is undertaken mainly for conspicuous consumption, the article's findings show that middle- income … article provides a nuanced take on consumer credit by exploring the interaction between consumption, borrowing, and class … families in Chile borrow to consume 'ordinary' goods. Through the consumption of these goods, the Chilean middle classes seek …

This article summarizes the main findings from the fourth wave of the Household Finance and Consumption Survey (HFCS …. The HFCS provides household-level data on assets, liabilities, wealth and income. As such, it plays an important role in … micro-data collected for reference year 2020 from households residing in Malta and compared with the previous three waves …

This paper compares the main findings from the fourth wave of the Household Finance and Consumption Survey (HFCS) for …. At the same time, gross income of Maltese households stood notably lower when compared to the euro area. Results also … Malta with those for the euro area. This comparative report finds that in 2020 the median Maltese household held more real …