population. In a model of household borrowing with credit constraints and endogenous house prices, we show that less constrained … level data on the universe of household credit in Belgium to document a shift in the distribution of debt over age, with … constrained, do not contribute to the rise in household debt. To identify the elasticity of household debt to the interest rate …

population. In a model of household borrowing with credit constraints and endogenous house prices, we show that less constrained … level data on the universe of household credit in Belgium to document a shift in the distribution of debt over age, with … constrained, do not contribute to the rise in household debt. To identify the elasticity of household debt to the interest rate …

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 …

inflation targeting. This way the central bank tries to address excessive household debt. While the merits of such policy have …