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 …

. From 2009:Q3 to 2011:Q3, aggregate household debt declined by about $1.5 trillion in real terms, with mortgage debt falling … individual credit records to better understand why mortgage debt has declined. I decompose changes in aggregate mortgage debt … with less-than-excellent credit scores, suggesting tight credit supply has limited debt accumulation even among those who …

. From 2009:Q3 to 2011:Q3, aggregate household debt declined by about $1.5 trillion in real terms, with mortgage debt falling … individual credit records to better understand why mortgage debt has declined. I decompose changes in aggregate mortgage debt … with less-than-excellent credit scores, suggesting tight credit supply has limited debt accumulation even among those who …

household debt, (1) installment loan debt and (2) credit card debt. Results of a Heckman selection model indicate that …Using the 2010 and 2013 Survey of Consumer Finances (N=12,497), this study investigates the relationship between credit … constraint and credit use of U.S. households after the Great Recession. Credit use is identified for two major categories of …

We explore the sources of household balance sheet adjustment following the collapse of the housing market in 2006 … pronounced real estate declines. Our evidence is consistent with the second explanation. Renters with low risk scores, compared … to homeowners in the same markets, reduced their levels of nonmortgage debt and credit card debt more in counties where …

How much did shocks to household credit supply reduce employment in the Great Recession? To answer this question, I … by 3 percent. In partial equilibrium, the household credit channel implies employment losses equal to at least 20 percent … provide a general foundation for shift-share credit supply shocks, which shows that they are useful for accounting, but direct …

and the Bank of Korea jointly organised a seminar on household debt in Seoul. Participants from 11 central banks and the … BIS attended the seminar, which was structured along the following themes: (1) mortgage finance; (2) consumer credit; (3 …

This paper uses representative individual household data from Luxembourg to evaluate how severe economic conditions … could affect bank exposure to the household sector. Information on household income, expenses and liquid assets are used to … calculate household-specific probabilities of default (PD), aggregate bank exposure at default (EAD) and aggregate bank loss …