inancial technology adoption influences household finances, information sources and portfolio inefficiencies, with benefits for the financially literate.
A continuous-time model shows inflation and the policy rate jointly drive consumption growth and asset prices, predicting equity, yields and key asset pricing m
Governments’ AI laws lower startups’ chances of getting funded and raise takeovers; restrictive rules hurt, while procedural rules ease frictions and shift job.
Credit shocks to workers or firms cut income and consumption 1–2%, but when both are hit together the drop nears 6%, as personal credit limits amplify firm shoc