We analyze the relationship of the distribution of future GDP growth and accumulation of household debt in Finnish … macroeconomic data from 1980 to 2019. We find clear evidence that exuberant accumulation of household debt is related to the … damped. Thus, there is a link between rapid household debt growth and increase in probabilities of more severe downturns. We …

household sector, especially the impacts on economic growth. We have gathered data for the time period 1995-2010 for the sample … household loans to the net disposable income is associated with about 30 basis point reduction in lagged economic growth. More …