Svensson, Lars E. O. - National Bureau of Economic Research - 2021
levels of outstanding mortgage debt (Dynan, 2012) - seems to be taken for granted by macroprudential authorities in several …-financed overspending through what Muellbauer (2012) calls the "housing-collateral household demand" channel and Mian and Sufi (2018) the … "debt-driven household demand" channel …