In response to growing interest in household finance, this collection of essays with a foreword by John Y. Campbell …, studies household and consumer use of credit instruments. It shows how individual consumers and households utilize various …

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 …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …