We propose a new Bayesian VAR model for forecasting household loan stocks in Finland. The model is designed to work as … forecast models currently in use at the Bank of Finland and improves our understanding of household debt trends in Finland. …

This paper examines whether the determinants of household saving have changed over time and whether they are the same … specifications still perform strik ingly well and can explain the recent changes in household saving rates. As for the cross country … well to individual country samples. We found that household saving is still very sensitive to changes in inflation and real …

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 …

According to the standard life cycle model, household saving rate should peak at the best working age and turn then to …