Galuscak, Kamil; Hlavac, Petr; Jakubik, Petr - Česká Národní Banka - 2014
We develop a methodology for identifying financially distressed households and use it for testing the responses to shocks to the unemployment rate, the interest rate and prices of essential expenditure in the Czech Republic. We extend the approach of Johansson and Persson (2006) for Sweden and...