Seventh Conference on Household Finance and Consumption
European Central Bank and Banca d’Italia conference
Thursday, 16 and Friday, 17 December 2021
Banca d'Italia, Rome - Online event
The European Central Bank organises a biennial conference on household finance and consumption. The conference aims to foster empirical and theoretical research on the implications of household heterogeneity for the accumulation of assets and debt, consumption and saving behaviour, and the transmission and effects of monetary policy. It focuses on research that uses household-level data, with a special interest in the data from the Household Finance and Consumption Survey (HFCS).
Programme
* indicates the presenter
- 14:30
-
Introductory remarks
Sergio Nicoletti Altimari, Banca d’Italia
- 14:45
-
Keynote presentation
Chair: Silvia Fabiani, Banca d’Italia
-
Financial literacy and well-being: Evidence from five years of data
Annamaria Lusardi, George Washington University
- 15:45
- Coffee break
- 16:00
-
Chair: David Loschiavo, Banca d’Italia
Quantitative easing and inequality
Donggyu Lee, Federal Reserve Bank of New York
- 16:30
-
Does monetary easing hurt savers?
Evidence from a heterogeneous agent model with aging- Wouter Den Haan, London School of Economics
- Alessandro Ferrari*, Banca d’Italia
- Falk Mazelis, European Central Bank
- Annukka Ristiniemi, European Central Bank
- 17:00
-
The effects of monetary policy through housing and mortgage choices
Karin Kinnerud, BI Norwegian Business School, Oslo
- 17:30
- Coffee break
- 17:45
-
House price cycles, wealth inequality and portfolio reshuffling
Clara Martinez-Toledano, Imperial College London
- 18:15
-
Tax housing or land? Distributional effects of property taxation in Germany
- Rafael Barbosa*, International Monetary Fund
- Simon Skipka, EUI Florence
- 18:45
- End of day 1
- 14:45
-
Keynote presentation
Chair: Oreste Tristani, European Central Bank
-
The fiscal and welfare effects of policy responses to the COVID-19 school closures
Dirk Krueger, University of Pennsylvania
- 15:45
- Coffee break
- 16:00
-
Survey evidence on the impact of the pandemic
Chair: Jirka Slacalek, European Central Bank
-
How heterogeneous was the impact of the Covid-19 crisis on the financial situation of Portuguese households?
Sónia Carvalho Costa, Banco de Portugal
-
The impact of the Covid-19 pandemic on the financial situation of households in Germany
Tobias Schmidt, Deutsche Bundesbank
-
Consumption and saving behaviour of Italian households during the Covid-19 crisis
Andrea Neri, Banca d’Italia
- 17:00
- Coffee break
- 17:15
-
Wealth Inequality in the US: the role of heterogeneous returns
Inês Xavier, Federal Reserve Board
- 17:45
-
Spousal insurance and the amplification of business cycles
Bence Bardóczy, Federal Reserve Board
- 18:15
- End of conference
Organising committee
- Andrea Neri, Banca d’Italia
- Alfonso Rosolia, Banca d’Italia
- Jiri Slacalek, European Central Bank
- Oreste Tristani, European Central Bank