We evaluate the impact of loan-to-value restrictions on household financial vulnerability. Using Norwegian tax data, we first document a beneficial leverage effect, in which households respond to the regulation by reducing house purchase probabilities, debt and interest expenses. Second, we...

This will feature research from a wide range of disciplines and approaches on the topic of consumer finance. Topics include, but are not limited to: competition and market power in the financial sector; technological innovation in financial markets and consumer impacts, including the use of big...

This paper investigates how monetary expansion affects household consumption and savings through household debts. Using monetary policy cuts in China in the end of 2008 as an experiment, we find that the resulted increase in indebted households’ disposable income leads to increasing...

This paper develops a new class of poverty and inequality measures we call common prosperity. This measure complements existing classes of measures and allows decomposition across income sources or components of consumption expenditure. This framework enables us to study the trade-off between...

This workshop aims to provide a discussion forum on innovative research and to promote the exchange of views for issues related to central banking among researchers of the Bank of Albania, other central banks, academia and other research institutions. Topics of interest: - What causes inflation?...

Topics: - Explanations for Spending at Older Ages; - The Impact of Covid-10 on Older Workers' Employment and Social Security Spillovers; - Has the COVID pandemic changed retirement plans?; - Factors Influencing the Choice of Pension Distributions at Retirement; - Wealth Inequality and Retirement...

Topics: - Asset allocation and debt behaviour over the life cycle; - Financing retirement and the demographic transition; - Consumer indebtedness, financial distress, and default decisions; - Behavioural approaches to household finance; - Financial literacy and financial education programs; -...

It ist examined, how FinTech can lower investment barriers and help households move toward optimal risk-taking, using a unique account-level data on consumption, investments, and FinTech usage from Ant Group. During our sample period, China experienced a rapid increase in FinTech penetration in...

This workshop brings together researchers working on issues at the intersection of psychology and economics. The segment will focus on evidence of and explanations for non-standard choice patterns, as well as the positive and normative implications of those patterns in a wide range of economic...