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Hintermaier, Thomas; Koeniger, Winfried - 2015

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …

Persistent link: https://www.econbiz.de/10011347156

Are Adjustable-Rate Mortgage Borrowers Borrowing Constrained?

Johnson, Kathleen - 2011

Past research argues that changes in adjustable-rate mortgage (ARM) payments may lead households to cut back on consumption or to default on their mortgages. In this paper, we argue that these outcomes are more likely if ARM borrowers are borrowing constrained, and find that ARM borrowers...

Persistent link: https://www.econbiz.de/10013124982

Are Adjustable-Rate Mortgage Borrowers Borrowing Constrained?

Johnson, Kathleen - 2012

Past research argues that changes in adjustable-rate mortgage (ARM) payments may lead households to cut back on consumption. These outcomes are more likely if ARM borrowers are borrowing constrained, and we show in this paper that ARM borrowers exhibit attitudes towards borrowing and behavior...

Persistent link: https://www.econbiz.de/10013097415

Consumption Volatility, Liquidity Constraints and Household Welfare

Dogra, Keshav - 2013

and household welfare. We estimate Euler equations and measure the volatility of unpredictable changes in consumption as …, and document that despite the increase in household debt between 1983 and 2007, there was no decline in the proportion of …

Persistent link: https://www.econbiz.de/10013087209

Consumption Smoothing and Borrowing Constraints : Evidence from Household Surveys of Iran

Einian, Majid - 2019

We use Iranian Household Expenditure and Income Survey to analyze the dynamics of consumption of the households. We …

Persistent link: https://www.econbiz.de/10012903155

Household Heterogeneity and Consumption Dynamics in the Presence of Borrowing and Liquidity Constraints

Albuquerque, Bruno - 2021

I study the effects of borrowing and liquidity constraints on the response of consumption toanticipated income changes. Using the PSID over 1999–2013, I find that the well-documentedstrong excess sensitivity of consumption to income of highly constrained households can beexplained by episodes...

Persistent link: https://www.econbiz.de/10013231872

The effects of changes in local-bank health on household consumption

Cooper, Daniel; Peek, Joe - 2018 - This version: October, 2018

an innovative approach to identifying households likely in need of credit to investigate the effect on household spending …

Persistent link: https://www.econbiz.de/10011905009

The Role of Households’ Borrowing Constraints in the Transmission of Monetary Policy

Cumming, Fergus - 2020

household debt. Using an original loan-level dataset covering the universe of UK mortgages, we assess the effect of monetary … contrast, we find no evidence that the average level of borrowing relative-to-income of the household sector affects the …

Persistent link: https://www.econbiz.de/10012845484

Household Debt and Aggregate Consumption Expenditures

Murphy, Robert G. - 2000

This paper shows that the debt burden of households, as measured by the debt service to income ratio, is helpful in forecasting the future growth of consumption expenditures. Using data for the United States over the period 1960-97, I find a significant negative relationship between the...

Persistent link: https://www.econbiz.de/10014156397

Household Indebtedness, Financial Frictions and the Transmission of Monetary Policy to Consumption : Evidence from China

Funke, Michael; Li, Xiang; Zhong, Doudou - 2022

This paper studies the impact of household indebtedness on the transmission of monetary policy to consumption using the … Chinese household-level survey data. We employ a panel smooth transition regression model to investigate the non-linear role … non-linear as there is a much larger counteraction of consumption in response to monetary policy shocks when household …

Persistent link: https://www.econbiz.de/10014238445