household net worth coming from elevated household debt and the collapse in house prices play an underappreciated role. Using … highlight the increasing body of macroeconomic evidence on the link between household debt and business cycles. Our main … conclusion is that housing and household debt should play a larger role in models exploring the importance of household …

This paper provides a comprehensive assessment of household debt dynamics in Malta between 2010 and 2020. Drawing on … the Household Finance and Consumption Survey, it argues that a process of financialisation of the household is underway on … the Maltese islands, primarily via the mortgage market. This process is characterised by (i) financial extension, in which …