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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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transmission. We trace the impact of shifts in non-price household credit conditions through joint estimation of a system of error … for income and household portfolios, easier credit conditions raise house prices, debt and consumption. However, unlike in …
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darauf reagieren muss. Die Ergebnisse der anschließenden empirischen Studie für die Ökonomien Deutschland, USA und …
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