Consumer risk-taking and stock market investment: Insights using the CES’s consumer finance module

Households’ willingness to take on risks has clear implications for the transmission of financial shocks, both in the long run and over the business cycle. This article introduces a newly published research dataset from the ECB’s Consumer Expectations Survey (CES) and summarises insights these data provide into household risk-taking. In particular, it examines how an increase in wealth affects a household’s decision on whether or not to invest in the stock market. The evidence suggests that all but the wealthiest households have a substantial aversion to investing in the stock market.

The Second Coming? Trump vs. Biden

How have the macroeconomic problems in the US blinded many participants and observers to the actual state of the American economy as the election
approaches?
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The Long Goodbye? Mitch McConnell and Big Money Politics

In a political system whose primary currency is not the vote but the dollar, McConnell’s role as leader has plainly been well-earned.
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