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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 …
Persistent link: https://www.econbiz.de/10012019787
, and total net worth) on consumption. The study uses longitudinal household-level data?from the Panel Study of Income … wealth are closely linked to household characteristics, including income and demographic factors. Finally, underlying … structural changes in household characteristics point to potentially lower aggregate MPCs from wealth going forward …
Persistent link: https://www.econbiz.de/10012022025
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 …
Persistent link: https://www.econbiz.de/10012001512
-negligible portion has yet to be explained. This suggests that there are key determinants for household and firm dollarization that are …
Persistent link: https://www.econbiz.de/10012001585
recent regulation adopted by the National Bank of Romania, limiting the household DSTI at origination to 40 percent for new …We provide empirical evidence to support the calibration of a limit on household indebtedness levels, in the form of a …
Persistent link: https://www.econbiz.de/10012103621
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 … household debt in China. We find that rising household indebtedness could boost consumption in the short term, while reducing it …
Persistent link: https://www.econbiz.de/10012154904
on health-related financial risks using a nationally representative household survey data collected over a ten …
Persistent link: https://www.econbiz.de/10012009384
Household financial fragility has received considerable attention following the global financial crisis, but … substantial gaps remain in the analytical underpinnings of household financial vulnerability assessment, as well as in data … analytical and estimation extensions aimed at improving the quality of estimates and allowing the assessment of household …
Persistent link: https://www.econbiz.de/10011748870
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 … be systematically neglected due to investors' overoptimistic expectations associated with household debt booms. In …
Persistent link: https://www.econbiz.de/10011878764