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