This chapter reviews empirical estimates of differential income and consumption growth
across individuals during recessions. Most existing studies examine the variation in income …

We use data for nearly 500,000 Danish households to study the relationship between
household leverage prior to the financial crisis of 2007–2009 and the development in …

We analyze the distributional effects of macroprudential policy on mortgage cycles by
exploiting the UK mortgage register and a 2014 15% limit imposed on lenders' high loan-to …

This paper analyses two-way interactions between monetary policy and inequality in
selected advanced economies. In the context of a highly accommodative monetary stance …

This research makes an important contribution to our understanding of the relationship
between economic inequality and poverty but simply scratches the surface of this vast topic …

A major development in UK household balance sheets over the period between 1992 and
2007 was the build-up of household debt. The stock of debt trebled from around£ 450 billion …

To meet global climate goals, such as limiting global warming to 1.5° Celsius, urgent and
substantial reductions of greenhouse gas emissions are needed. From a consumption …

Household debt has risen markedly since the turn of the century and stands at a historically
high level in most OECD countries. This paper offers an overview of developments in …

In this paper, the SV-TVP-VAR model is used to study the relationships between income
inequality, household debt, and consumption growth in the US. This is of great significance …

Spiralling inequality since the 1970s and the global financial crisis of 2008 have been the
two most important challenges to democratic capitalism since the Great Depression. To …