No subject in the world creates more confusion than ‘debt.’ Nowhere there is a greater need for information because no … often sounds as if the whole world is somehow over-indebted. The problem is that analysis is often based on gross debt, i. e … because you set off all net debts and liabilities of all sectors in the world against one another, there is no debt (i. e …

No subject in the world creates more confusion than ‘debt.’ Nowhere there is a greater need for information because no … often sounds as if the whole world is somehow overindebted. The problem is that analysis is often based on gross debt, i. e … because you set off all net debts and liabilities of all sectors in the world against one another, there is no debt (i. e …

between household debt levels, financial stability risks, and the ongoing implications of the ‘debt overhang’ for economic … growth. However, accurately measuring the household debt burden remains problematic. Aggregate measures of household … indebtedness (e.?g. household liabilities relative to income) fail to fully capture the debt servicing burdens of households …