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find a stronger positive correlation between household leverage and a change in contemporaneous spending during the COVID …. We find no long-lasting negative effects of household leverage on future spending within the 6-month horizon …
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Household debt rose sharply in the United Kingdom in the decade before the financial crisis. This paper uses household … ability to make future debt repayments. The potential for household indebtedness to lead to large adverse impacts on aggregate …
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Household debt and house prices in the United Kingdom rose substantially between 1987 and 2006. In this paper we use a … calibrated overlapping generations model of the household sector to examine the extent to which changes in demographics, lower …
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