strengthening of systemic risk assessment and macroprudential policies of the household sector. Other policies include improving the …High household indebtedness could constrain future consumption growth and increase financial stability risks. This … paper uses household survey data to analyze both macroeconomic and finanical stability risks from the rapidly rising …

deteriorating household balance sheets? This paper examines the question using household data from the United States. It compares … the responsiveness of household consumption to monetary policy shocks in the pre- and post-crisis periods, relating … changes in monetary transmission to changes in household indebtedness and liquidity. The results show that the responsiveness …

To identify and quantify downside risks to housing markets, we apply the house price-at-risk methodology to a sample of …. Supply-side drivers, valuation, household debt, and financial conditions jointly play a key role in forecasting house price …-level data, we identify households vulnerable to potential housing shocks and assess the riskiness of household debt …

We confirm the negative relationship between household debt and future GDP growth documented in Mian, Sufi, and Verner … relationship. First, debt overhang impairs household consumption when negative shocks hit. Second, increases in household debt … heighten the probability of future banking crises, which significantly disrupts financial intermediation. Third, crash risk may …

Historically high household debt in several economies is calling for a deleveraging, but according to some economists …, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates … significantly related in some economies, but the relationship is driven by consumer credit, not by mortgages. Results therefore …

We leverage survey data from emerging and developing Asia to highlight different aspects of household vulnerability to …

This paper discusses the evolution of the household debt in Australia and finds that while higher-income and higher … depending on the level of household debt. The results corroborate other work that households' response to monetary policy shocks …

We study the impact of bank credit on firm productivity. We exploit a matched firm-bankdatabase covering all the credit … relationships of Italian corporations, together with a naturalexperiment, to measure idiosyncratic supply-side shocks to credit … practices, while a credit expansion haslimited impact. Quantitatively, the credit contraction between 2007 and 2009 accounts …

personal and country-level characteristics. In particular, macroprudential policies aimed at controlling credit supply seem to …