We have investigated the influence of fiscal instruments, notably taxes on income and government spending, on household … consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … government spending or reduced taxes, in the presence of high indebtedness, actually discourage household consumption compared to …

We study whether the level of household indebtedness is related to the interest rate elasticity of private consumption … even as the household sector's debt-to-income ratio has almost doubled in the past 20 years. Estimates based on the … household-level Finnish Wealth Survey suggest that the share of liquidity-constrained households has declined over the same time …

We investigate the relationship between household debt and income inequality in the US, allowing for asymmetry, using … data over the period 1913-2008. We find evidence of an asymmetric cointegration between household debt and inequality for … different regimes. Our results indicate household debt only responds to positive changes in income inequality, while there is no …

focused on the distinction between household and firm credits, and investigated whether these two types of credit had adverse …, whereas there was no significant impact of household credit on income inequality. We concluded that it was not the size of the …

During the period leading up to the recession of 2007-08, there was a large increase in household debt relative to …. It is sometimes claimed that these three developments were closely linked. In these stories, the rise in household debt … ask if this story is consistent with the empirical evidence. In particular, I ask five questions: How much household …