household deleveraging nevertheless remain in a few OECD countries where indebtedness has risen in recent years. In the … financial sector, possible future deleveraging will be more damaging to growth if it involves reducing assets rather than … retaining (or raising) equity. To speed up the deleveraging process and minimising its impact on prosperity, bad loans should be …

set of countries. The country choice was based on large deleveraging episodes of total economy debt, identified by turning … point dating. The analysis shows that GDP is more volatile in the phase of deleveraging. However, countries can be … often rebounded during the phase of deleveraging. On the contrary, in a second group of countries, the higher volatility …