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 …

This paper studies the impact of household indebtedness on the transmission of monetary policy to consumption using the … Chinese household-level survey data. We employ a panel smooth transition regression model to investigate the non-linear role … non-linear as there is a much larger counteraction of consumption in response to monetary policy shocks when household …