A number of economists argue that household deleveraging can exert a significant drag on the economic recovery by … household saving rates and changes in debt-to-income ratios. This relationship is however asymmetric, being statistically and … adjustment in saving rates associated with household deleveraging may widely differ across countries and may be overestimated for …

Historically high household debt in several economies is calling for a deleveraging, but according to some economists …, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates … suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via …

In most countries household debt increased from the 1990s until the crisis of 2007-2008 before stabilizing due to … recession and deleveraging. However, there are national differences in household debt/GDP ratios. This paper studies the … determinants of household debt, using a 32-country dataset and taking both demand-side and supply-side factors into account. The …