Details about Michael Haliassos

Homepage:	https://sites.google.com/view/michaelhaliassos/home
Phone:	+49 69 798 88312
Postal address:	School of Economics and Business Goethe University Frankfurt House of Finance Theodor-W.-Adorno-Platz 3, PF H32 60323 Frankfurt am Main Germany
Workplace:	Abteilung Geld und Währung (Department of Money and Macroeconomics), Fachbereich Wirtschaftswissenschaft (Faculty of Economics and Business Administration), Goethe Universität Frankfurt am Main (Goethe University Frankfurt), (more information at EDIRC)

Access statistics for papers by Michael Haliassos.

Last updated 2024-12-06. Update your information in the RePEc Author Service.

Short-id: pha8

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Working Papers

2024

1. Consumption and Account Balances in Crises: Have We Neglected Cognitive Load?
   TSE Working Papers, Toulouse School of Economics (TSE)
2. Do financial advisors have different beliefs than lay people?
   IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS)

2022

3. Informative Social Interactions
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2019) View citations (8)
   IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2019) View citations (9)
   See also Journal Article Informative social interactions, Journal of Economic Behavior & Organization, Elsevier (2022) View citations (1) (2022)
4. Wealth Inequality: Opportunity or Unfairness?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2021)

2020

5. Household Finance
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2020)
   See also Journal Article Household Finance, Journal of Economic Literature, American Economic Association (2021) View citations (10) (2021)

2019

6. Participation Following Sudden Access
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
   See also Journal Article Participation following sudden access, Journal of Monetary Economics, Elsevier (2021) View citations (3) (2021)

2017

7. Financial Literacy Externalities
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
   Also in Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (2017) View citations (3)
   See also Journal Article Financial Literacy Externalities, The Review of Financial Studies, Society for Financial Studies (2020) View citations (24) (2020)

2015

8. Does Product Familiarity Matter for Participation?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
   Also in SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE (2015) View citations (8)
9. Incompatible European Partners? Cultural Predispositions and Household Financial Behavior
   Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) View citations (4)
   Also in SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE (2015) View citations (7)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (5)
   See also Journal Article Incompatible European Partners? Cultural Predispositions and Household Financial Behavior, Management Science, INFORMS (2017) View citations (30) (2017)

2014

10. National strategic framework for research & innovation. 2014-2020
    SAFE White Paper Series, Leibniz Institute for Financial Research SAFE
11. The fiscal crisis as a crisis in trust
    SAFE Policy Letters, Leibniz Institute for Financial Research SAFE

2013

12. Economic Integration and Mature Portfolios
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (9)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2008) View citations (8)
13. Household debt and social interactions
    SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE View citations (20)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (8)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2012) View citations (8)
    See also Journal Article Household Debt and Social Interactions, The Review of Financial Studies, Society for Financial Studies (2014) View citations (68) (2014)
14. Salary cuts and competitiveness
    SAFE Policy Letters, Leibniz Institute for Financial Research SAFE

2011

15. Financial Advisors: A Case of Babysitters?
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (7)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2009) View citations (6)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (11)

2010

16. Differences in Portfolios across Countries: Economic Environment versus Household Characteristics
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in MEA discussion paper series, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy (2010) View citations (22)
    See also Journal Article Differences in Portfolios across Countries: Economic Environment versus Household Characteristics, The Review of Economics and Statistics, MIT Press (2013) View citations (136) (2013)
17. Stockholding: From Participation to Location and to Participation Spillovers
    Working Papers, Department of Economics, University of Venice "Ca' Foscari"
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2009) View citations (1)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2009) View citations (1)
18. Stockholding: Participation, Location, and Spillovers
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in MEA discussion paper series, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy (2010)
    See also Journal Article Stockholding: Participation, location, and spillovers, Journal of Banking & Finance, Elsevier (2011) View citations (23) (2011)

2009

19. Portfolio Inertia and Stock Market Fluctuations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (38)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2006) View citations (6)
    See also Journal Article Portfolio Inertia and Stock Market Fluctuations, Journal of Money, Credit and Banking, Blackwell Publishing (2010) View citations (90) (2010)
20. Survey data on household finance and consumption: research summary and policy use
    Occasional Paper Series, European Central Bank

2008

21. Mortgage Debt, Social Customs and Financial Innovation
    Working Papers, Central Bank of Cyprus View citations (2)

2006

22. Equity Culture and the Distribution of Wealth
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (5)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2005) View citations (13)

2005

23. Credit card debt puzzles
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (14)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2005) View citations (13)
24. Credit cards: Facts and theories
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (5)

2004

25. The Distribution of Gains from Access to Stocks
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (1)

2003

26. Debts of Cyprus Households: Lessons from the First Cyprus Survey of Consumer Finances
    University of Cyprus Working Papers in Economics, University of Cyprus Department of Economics View citations (2)
27. Household Stockholding in Europe: Where Do We Stand, and Where Do We Go?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (186)
    Also in University of Cyprus Working Papers in Economics, University of Cyprus Department of Economics (2002) View citations (9)
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2002) View citations (24)
    See also Journal Article Household stockholding in Europe: where do we stand and where do we go?, Economic Policy, CEPR, CESifo, Sciences Po (2003) View citations (174) (2003)

2002

28. Stockholding: Recent Lessons from Theory and Computations
    University of Cyprus Working Papers in Economics, University of Cyprus Department of Economics View citations (10)
    See also Chapter Stockholding: Recent Lessons from Theory and Computations, Palgrave Macmillan Books, Palgrave Macmillan (2003) View citations (10) (2003)

2001

29. Assets of Cyprus Households: Lessons from the first Cyprus Survey of Consumer Finances
    University of Cyprus Working Papers in Economics, University of Cyprus Department of Economics View citations (6)
30. Calibration and Computation of Household Portfolio Models
    Computing in Economics and Finance 2001, Society for Computational Economics View citations (38)
31. Debt Revolvers for Self Control
    University of Cyprus Working Papers in Economics, University of Cyprus Department of Economics View citations (22)
32. Portfolio Choice and Liquidity Constraints
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in Computing in Economics and Finance 2000, Society for Computational Economics (2000) View citations (8)
    University of Cyprus Working Papers in Economics, University of Cyprus Department of Economics (1999) View citations (11)
    See also Journal Article Portfolio Choice and Liquidity Constraints, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2003) View citations (150) (2003)

2000

33. Household Portfolios: An International Comparison
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (21)

1999

34. Borrowing Constraints, Portfolio Choice and Precautionary Motives: Theoretical Predictions and Empirical Complications
    Computing in Economics and Finance 1999, Society for Computational Economics View citations (2)
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (1998) View citations (6)
35. Non-expected Utility, Saving, and Portfolios
    Macroeconomics, University Library of Munich, Germany
    See also Journal Article Non-expected Utility, Saving and Portfolios, Economic Journal, Royal Economic Society (2001) View citations (13) (2001)

1998

36. Borrowing Constraints, Portfolio Choice, and Precautionary
    Macroeconomics, University Library of Munich, Germany View citations (5)

1996

37. Precautionary Portfolio Behavior from a Life-Cycle Perspective
    Finance, University Library of Munich, Germany View citations (2)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1996) View citations (2)
    See also Journal Article Precautionary portfolio behavior from a life-cycle perspective, Journal of Economic Dynamics and Control, Elsevier (1997) View citations (86) (1997)

1993

38. Progressivity of Capital Gains Taxation with Optimal Portfolio Selection
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)

1988

39. The Macroeconomics of Government Finance
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University
    See also Chapter The macroeconomics of government finance, Handbook of Monetary Economics, Elsevier (1990) View citations (20) (1990)

Journal Articles

2022

1. Informative social interactions
   Journal of Economic Behavior & Organization, 2022, 203, (C), 246-263 View citations (1)
   See also Working Paper Informative Social Interactions, CEPR Discussion Papers (2022) (2022)

2021

2. Household Finance
   Journal of Economic Literature, 2021, 59, (3), 919-1000 View citations (10)
   See also Working Paper Household Finance, CEPR Discussion Papers (2020) (2020)
3. Participation following sudden access
   Journal of Monetary Economics, 2021, 117, (C), 671-688 View citations (3)
   See also Working Paper Participation Following Sudden Access, CEPR Discussion Papers (2019) View citations (3) (2019)

2020

4. Financial Literacy Externalities
   The Review of Financial Studies, 2020, 33, (2), 950-989 View citations (24)
   See also Working Paper Financial Literacy Externalities, CEPR Discussion Papers (2017) View citations (3) (2017)

2017

5. Has Greater Stock Market Participation Increased Wealth Inequality in the Us?
   Review of Income and Wealth, 2017, 63, (1), 169-188 View citations (7)
6. Incompatible European Partners? Cultural Predispositions and Household Financial Behavior
   Management Science, 2017, 63, (11), 3780-3808 View citations (30)
   See also Working Paper Incompatible European Partners? Cultural Predispositions and Household Financial Behavior, Working Paper Series (2015) View citations (4) (2015)

2014

7. Household Debt and Social Interactions
   The Review of Financial Studies, 2014, 27, (5), 1404-1433 View citations (68)
   See also Working Paper Household debt and social interactions, SAFE Working Paper Series (2013) View citations (20) (2013)

2013

8. Differences in Portfolios across Countries: Economic Environment versus Household Characteristics
   The Review of Economics and Statistics, 2013, 95, (1), 220-236 View citations (136)
   See also Working Paper Differences in Portfolios across Countries: Economic Environment versus Household Characteristics, CEPR Discussion Papers (2010) View citations (5) (2010)

2011

9. Special issue on household finance
   Review of Finance, 2011, 15, (4), v-vii View citations (3)
10. Stockholding: Participation, location, and spillovers
    Journal of Banking & Finance, 2011, 35, (8), 1918-1930 View citations (23)
    See also Working Paper Stockholding: Participation, Location, and Spillovers, CEPR Discussion Papers (2010) (2010)

2010

11. Portfolio Inertia and Stock Market Fluctuations
    Journal of Money, Credit and Banking, 2010, 42, (4), 715-742 View citations (90)
    Also in Journal of Money, Credit and Banking, 2010, 42, (4), 715-742 (2010) View citations (32)
    See also Working Paper Portfolio Inertia and Stock Market Fluctuations, CEPR Discussion Papers (2009) View citations (38) (2009)

2009

12. Credit Card Debt Puzzles and Debt Revolvers for Self Control
    Review of Finance, 2009, 13, (4), 657-692 View citations (66)

2006

13. How do students finance human capital accumulation?: The choice between borrowing and work
    Journal of Policy Modeling, 2006, 28, (1), 39-51 View citations (3)

2003

14. Household stockholding in Europe: where do we stand and where do we go?
    (Limited market participation and volatility of assets prices)
    Economic Policy, 2003, 18, (36), 123-170 View citations (174)
    See also Working Paper Household Stockholding in Europe: Where Do We Stand, and Where Do We Go?, CEPR Discussion Papers (2003) View citations (186) (2003)
15. Portfolio Choice and Liquidity Constraints
    International Economic Review, 2003, 44, (1), 143-177 View citations (150)
    See also Working Paper Portfolio Choice and Liquidity Constraints, CEPR Discussion Papers (2001) View citations (4) (2001)

2002

16. Equity culture and household behavior
    Oxford Economic Papers, 2002, 54, (4), 719-745 View citations (7)

2001

17. Le profil des détenteurs d'actions en Europe
    Revue d'Économie Financière, 2001, 64, (4), 169-178
18. Non-expected Utility, Saving and Portfolios
    Economic Journal, 2001, 111, (468), 69-102 View citations (13)
    See also Working Paper Non-expected Utility, Saving, and Portfolios, Macroeconomics (1999) (1999)
19. The profile of European stockholders
    Revue d'Économie Financière, 2001, 64, (4), 163-171 View citations (1)

2000

20. Consumption Smoothing and Financial Integration in the European Union
    Manchester School, 2000, 68, (6), 637-658

1997

21. Precautionary portfolio behavior from a life-cycle perspective
    Journal of Economic Dynamics and Control, 1997, 21, (8-9), 1511-1542 View citations (86)
    See also Working Paper Precautionary Portfolio Behavior from a Life-Cycle Perspective, Finance (1996) View citations (2) (1996)

1995

22. Why Do So Few Hold Stocks?
    Economic Journal, 1995, 105, (432), 1110-29 View citations (481)

1994

23. On Perfect Foresight Models of a Stochastic World
    Economic Journal, 1994, 104, (424), 477-91 View citations (10)

Books

2015

1. Challenges in Securities Markets Regulation: Investor Protection and Corporate Governance
   SUERF Studies, SUERF - The European Money and Finance Forum

Edited books

2015

1. Financial Regulation
   Cambridge Books, Cambridge University Press View citations (3)
2. Household Finance, vol Three volume set
   Books, Edward Elgar Publishing

2013

3. Financial Innovation: Too Much or Too Little?, vol 1
   MIT Press Books, The MIT Press View citations (3)

2003

4. Stockholding in Europe
   Palgrave Macmillan Books, Palgrave Macmillan View citations (160)

Chapters

2016

1. The European North–South Divide: Dealing with the Poor Relative
   Chapter 10 in THE CYPRUS BAIL-IN POLICY LESSONS FROM THE CYPRUS ECONOMIC CRISIS, 2016, pp 309-326

2003

2. Stockholding: A European Comparison
   Palgrave Macmillan
3. Stockholding: Recent Lessons from Theory and Computations
   Palgrave Macmillan View citations (10)
   See also Working Paper Stockholding: Recent Lessons from Theory and Computations, University of Cyprus Department of Economics (2002) View citations (10) (2002)

1990

4. The macroeconomics of government finance
   Chapter 17 in Handbook of Monetary Economics, 1990, vol. 2, pp 889-959 View citations (20)
   See also Working Paper The Macroeconomics of Government Finance, Cowles Foundation for Research in Economics, Yale University (1988) (1988)