While theory predicts different effects of household credit and enterprise credit on the economy, the empirical … growth whereas household credit has no effect; 2) enterprise credit reduces income inequality whereas household credit has no … effect; and 3) household credit is negatively associated with excess consumption sensitivity, while there is no relationship …

We estimate the causal effect of emergency credit on households' finances after a negative shock. To do so, we link … a federally-declared natural disaster, to a panel of credit records before and after the shock. We exploit a … approved. Using an instrumented difference-in-differences research design, we find that credit provision at the time of a shock …

perform significantly less healthy credit management and insurance behaviours compared to non-Millennials. We also found that …

This paper investigates the impact of uncertainty on consumer credit outcomes. We develop a local measure of economic … uncertainty capturing county-level labor market shocks. We then exploit microeconomic data on mortgages and credit-card balances … absent and the cost of mortgage credit declines, suggesting that lenders reallocate credit towards safer borrowers when …

This paper estimates the impact of household debt on consumption behaviour using data from the Japanese Preference …-looking questions about key risks to income, shedding light on the motives for household savings behaviour. The analysis finds that … household marginal propensities to consume (MPCs) were significantly higher for highly-indebted Japanese households than for …

and household welfare. We estimate Euler equations and measure the volatility of unpredictable changes in consumption as … the squared Euler equation residuals. We directly control for liquidity constraints using SCF data on access to credit …, and document that despite the increase in household debt between 1983 and 2007, there was no decline in the proportion of …

countries. We estimate the MPC based on a cross-country harmonized household level dataset which combines surveys on wealth …