This paper discusses the evolution of the household debt in Australia and finds that while higher-income and higher … depending on the level of household debt. The results corroborate other work that households' response to monetary policy shocks …

We study an Agent-based model of household-bank relationships where households borrow for the purpose of consumption … volatility. More precisely, we find that a strong Joneses effect has severe consequences for GDP growth and that borrowing …

issuers to consider only a person's independent income, and not the household's income, when underwriting credit cards …-income earning spouse's financial participation in the household …