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 …

We explore how personality traits are related to household borrowing behavior. Using survey data representative for the … complement as well as substitute financial knowledge of a household. We present three sets of results. First, we find that …

consumption between 2006 and 2009. Using household-level data, we show that in addition to a direct effect of changes in house …

We explore how personality traits are related to household borrowing behavior. Using survey data representative for the … complement as well as substitute financial knowledge of a household. We present three sets of results. First, we find that …

socioeconomic characteristics, housing traits, country-specific constant terms, and household unobserved heterogeneity. We attribute … access to liquidity. Household's reported distress is also affected by excess indebtedness relative to the debt load of …