Blundell, Pistaferri, and Preston (American Economic Review, 2008, 98(5), 1887-1921) report an estimate of household … maximum likelihood estimation (QMLE), which produces a significantly higher estimate of consumption insurance at 55%. For sub …

investigates how central banks should react to household inflation heterogeneity in a tractable New Keynesian model. We include two … considers the individual inflation rate of the household experiencing the higher inflation rate. Furthermore, output fluctuates … less under that regime. After a negative supply shock, a central bank only considering the household experiencing the …

.e. ignoring within-household inequality). This assessment of existing approaches to measure individual inequality and poverty is …

.e. ignoring within-household inequality). This assessment of existing approaches to measure individual inequality and poverty is …

The goal of this paper is to show that household-level financial distress (FD) varies greatly, meaning there is unequal …

households. Using data from the Bank of Italy's Survey on Household Income and Wealth covering the financial crisis, we are able … separately. We find that Italian households were able to smooth on average about 85% of shocks to household head's earnings in …/dissavings (40% and 47% in 2008-2010 and 2010-2012, respectively), and within‐household risk‐sharing (16% and 14%). Interestingly …