history. The analysis shows that debt relief has a persistent effect on the level of household debt, but does not increase …

shocks not only impact a household's welfare, but also increase the probability of loan default. As a result, there is a … suggests that household over-indebtedness in Croatia is unlikely to become a drag on aggregate economic activity and that … captured by household budget surveys. It follows that the calculations in this paper should primarily focus on the increased …

Household credit, especially for mortgages, has doubled over the past years in the new European Union member countries …, raising concerns about the economic and social consequences of household indebtedness in the event of a macroeconomic crisis …. Using household survey data for 2005, 2006, and 2007 for both old and new European Union members, this paper assesses the …