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Household savings during and after the COVID-19 crisis: Lessons from surveys

Author

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  • R. Basselier

    (National Bank of Belgium)

  • G. Minne

    (National Bank of Belgium)

Abstract

The COVID-19 crisis has curtailed consumption possibilities, triggering an explosion in household savings. Survey data suggest that only a very limited share of these surplus savings will find its way back into consumption.

Suggested Citation

  • R. Basselier & G. Minne, 2021. "Household savings during and after the COVID-19 crisis: Lessons from surveys," Economic Review, National Bank of Belgium, issue iii, pages 60-78, december.
    • Handle: RePEc:nbb:ecrart:y:2021:m:december:i:iii:p:60-78
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    File URL: https://www.nbb.be/en/articles/household-savings-during-and-after-covid-19-crisis-lessons-surveys
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    Cited by:

    1. Ana Lucia Luis & Natalia Teixeira & Rui Braz, 2023. "Portuguese Households Savings in Times of Pandemic: A Way to Better Resist the Escalating Inflation?," Papers 2304.02573, arXiv.org.
    2. Tijs W. Alleman & Koen Schoors & Jan M. Baetens, 2023. "Validating a dynamic input-output model for the propagation of supply and demand shocks during the COVID-19 pandemic in Belgium," Papers 2305.16377, arXiv.org, revised Jan 2024.
    3. Reusens, Peter & Vastmans, Frank & Damen, Sven, 2023. "A new framework to disentangle the impact of changes in dwelling characteristics on house price indices," Economic Modelling, Elsevier, vol. 123(C).
    4. Melanie Koch & Thomas Scheiber, 2022. "Mitigating the impact of the pandemic on personal finances in CESEE: descriptive evidence for 2020," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2/22, pages 63-96.

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