Loukoianova, Elena; Wong, Yu Ching; Hussiada, Ioana - 2019
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 …-wealth households tend to have higher debt, lower-income households may become more vulnerable to rising debt service over time. Then …