consumption commitment for most households { their monthly rent or mortgage payment. I find that non-durable and food spending … weekly, biweekly and monthly income streams but the same timing of rent/mortgage payments have very similar consumption … patterns. Exploiting variation in income, I find that households with extra liquidity decrease non-durable spending around …

effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a …

distinguishing between consumption theories. Asking households about their intended spending under various scenarios, we find that 1 …

consumption and hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to …

-44 year-old winning; (iii) losses were quite uniform across consumption quantiles because rigid rents served as a hedge for …

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

This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … between 2010 and 2014 in Belgium. To do so, we use panel data from the two waves of the Household Finance and Consumption … Survey. Unlike previous studies, we find a negative effect of households' indebtedness on their consumption, even in the …

with a standard buffer-stock consumption model, and implies that it is less effective to target stimulus to low liquidity … to account for anticipation effects on consumption. We investigate this using high-frequency spending and balance sheet … find that unconstrained households respond immediately, while liquidity constrained households instead wait and respond …

beliefs about nominal debt and their own real net wealth. These changes in beliefs causally affect actual consumption and … hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to inflation once …

beliefs about nominal debt and their own real net wealth. These changes in beliefs causally affect actual consumption and … hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to inflation once …