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Kasper Roszbach

@kasperroszbach.bsky.social

Economist, research director at Norges Bank professor at University of Groningen. Working on financial intermediation and household finance. Private views only.

19 Posts1859 Follower2502 Folgt
Kasper Roszbach @kasperroszbach.bsky.social · 9mo ago

Using de-identified data on debit card payments and e-invoices for the near population of Norway, we study how housing wealth changes affect household spending. We focus on the 2014 oil-price collapse that created regional variation in house prices through differential exposure to the oil sector.

Kasper Roszbach @kasperroszbach.bsky.social · 9mo ago

Comparing public workers in oil vs non-oil regions, we find the three-year marginal propensity to spend is 3.6%. The granular data enable us to show the consumption response is concentrated in home improvement, furnishings, and vehicles, and driven by a reduction in credit backed by home-equity.

Kasper Roszbach @kasperroszbach.bsky.social · 9mo ago

The share of the spending response accruing to locally produced goods and services stands for 80% of the consumption decline. Collateral & wealth effects are key channels linking housing wealth to consumption; household balance-sheet heterogeneity is quantitatively important for the propagation.

Elin Molin@elinmolin.bsky.social · last yr.

Excited to share our latest research on VoxEU! Together with @claudenbach.bsky.social, @kasperroszbach.bsky.social and #talinasondershaus, we explore how 'Buy Now, Pay Later' (BNPL) services improve credit access and risk assessments in consumer banking.

VoxEU @ CEPR@voxeu.org · last yr.

'Buy now, pay later' services have the potential to enhance #credit access, improve #lending decisions, and promote financial inclusion for underserved consumers. @claudenbach.bsky.social, @elinmolin.bsky.social, @kasperroszbach.bsky.social, Talina Sondershaus cepr.org/voxeu/column... #EconSky

Though ‘buy now, pay later’ loans are increasingly popular, critics argue that they encourage high costs and unsound borrowing. This column examines how such services influence conventional bank credit markets. Using loan-application data from a Nordic bank that also provides both traditional consumer loans and ‘buy now, pay later’ – allowing applicants’ creditworthiness to be assessed in the light of more comprehensive transaction data – the authors find that ‘buy now, pay later’ benefits both lenders and borrowers. It enhances risk assessment, fosters learning, and promotes financial inclusion by improving credit access and outcomes for higher-risk borrowers and underserved consumers.
Kasper Roszbach @kasperroszbach.bsky.social · last yr.

Users of BNPL are more likely to get approved for traditional bank loans, enjoy lower interest rates, and display better repayment behavior. Banks benefit too, using BNPL data to assess risk more accurately and price discriminate.