debt, also government debt and corporate debt are in some countries at levels not seen before. While there is a common … agreement that these high debt levels are not sustainable there is fewer consensus about the effect of changes in debt and … especially debt levels on aggregate demand. Based on a cross country study of 18 European countries we show that there is a …

unemployment increase in Spain can be traced back to the debt deleveraging needs of Spanish households. We use provincial household … debt and sectoral unemployment data and follow Mian and Sufi (2012) to isolate the effect of household debt on Spanish … unemployment. We find that the level of household sector debt in Spanish provinces in 2007 is a highly significant determinant of …

translated into increasing unemployment in these regions during the recession following the financial crisis of 2007/08. -- debt … ; leverage ; balance sheet recession ; household sector ; aggregate demand ; unemployment … debt, also government debt and corporate debt are in some countries at levels not seen before. While there is a common …

that on aggregate about 1/3 of the increase in Spanish unemployment can be traced back to high household debt levels … debt, also government debt and corporate debt are in some countries at levels not seen before. While there is a common … agreement that these high debt levels are not sustainable there is fewer consensus about the effect of changes in debt and …

unemployment increase in Spain can be traced back to the debt deleveraging needs of Spanish households. We use provincial household … debt and sectoral unemployment data and follow Mian and Sufi (2012) to isolate the effect of household debt on Spanish … unemployment. We find that the level of household sector debt in Spanish provinces in 2007 is a highly significant determinant of …

unemployment increase in Spain can be traced back to the debt deleveraging needs of Spanish households. We use provincial household … debt and sectoral unemployment data and follow Mian and Sufi (2012) to isolate the effect of household debt on Spanish … unemployment. We find that the level of household sector debt in Spanish provinces in 2007 is a highly significant determinant of …

, France, Spain and Italy, from 1999 to 2013, estimating their long-term relationships. We focus on employment and unemployment … partly balance a falling domestic demand; b) the unemployment-current account trade-off is a structural constraint to a lower … unemployment level; c) mild deflation set in as a consequence of the consumption slump and oil price decline; d) breaks dates for …