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 … suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via …

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 …

. Today, high savings mostly emanate from the household sector, resulting from demographic changes induced by the one …China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances …. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad …

larger has been the role of the declining share of household income in national income, which has occurred across …

countries'' historical experience. The results suggest, in particular, that efforts to further raise household income and the … creating alternative savings instruments are likely to have the biggest impact on consumption. Other mechanisms to raise … household income and mitigate household-specific risk (such as by improving the healthcare and pension systems) also have a role …

household behavior. The impact, moreover, is large. A one yuan increase in government health spending is associated with a two … yuan increase in urban household consumption …