Monetary policy and household consumption spending in Portugal
July 9, 2022
This paper studies the effect of monetary policy across households of different Euro Area countries to understand the effects of the likely scenario of future interest rate hikes by the European Central Bank. Specifically, the paper studies mechanisms through which monetary policy may differentially affect households across the Euro Area.
The rise in interest rates should be especially relevant to those countries with high debt levels, like Greece, Portugal, Italy and Spain.