Similar Search Results

Household debt, liquidity constraints and the interest rate elasticity of private consumption

Kärkkäinen, Samu; Silvo, Aino - 2023

We study whether the level of household indebtedness is related to the interest rate elasticity of private consumption … even as the household sector's debt-to-income ratio has almost doubled in the past 20 years. Estimates based on the … household-level Finnish Wealth Survey suggest that the share of liquidity-constrained households has declined over the same time …

Persistent link: https://www.econbiz.de/10014265629

Financial vulnerability and its determinants : survey evidence from Malaysian households

Siti Nurazira Mohd Daud; Ainulashikin Marzuki; Ahmad, … - In: Emerging markets, finance & trade : a journal of the … 55 (2019) 9, pp. 1991-2003

Persistent link: https://www.econbiz.de/10012210934

Estimating interest rate elasticities in consumer credit

Lukas, Moritz - In: Economics letters 156 (2017), pp. 155-158

Persistent link: https://www.econbiz.de/10011822393

Asymmetric effects of private debt on income growth

Liaqat, Zara; Ahmed, Muhammad Farid - In: The B.E. journal of macroeconomics 23 (2023) 1, pp. 337-373

Persistent link: https://www.econbiz.de/10013556545

The costs of macroprudential deleveraging in a liquidity trap

Chen, Jiaqian; Finocchiaro, Daria; Lindé, Jesper; … - 2021 - updated January 2021

What are the effects of different borrower-based macroprudential tools when both real and nominal interest rates are low? We study this question in a New Keynesian model featuring long-term debt, housing transaction costs and a zero lower bound constraint on policy rates. We find that the...

Persistent link: https://www.econbiz.de/10012229933

The costs of macroprudential deleveraging in a liquidity trap

Chen, Jiaqian; Finocchiaro, Daria; Lindé, Jesper; … - 2020

We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs and a zero-lower bound constraint on policy rates. We find that the long-term...