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This paper investigates responses of household debt to COVID-19 related data like confirmed cases and confirmed deaths … marginal likelihood criterion and we estimate the GVAR with MCMC techniques. Results reveal that household debt positively …, vaccinations and testing appear to negatively affect household debt. Lockdown measures such as stay-at-home advice, and closing …
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Lower interest rates and an easing of liquidity constraints have led to a substantial rise in household debt over the … past two decades. The greater indebtedness has made the household sector more sensitive to changes in interest rates …
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