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This paper studies the direct impact of households' debt on consumption over the business cycle. We use household …
Persistent link: https://www.econbiz.de/10013406441
Economic policy uncertainty is proven to have an important effect on household consumption. However, the literature on …, is limited. In this paper, we propose two channels through which economic policy uncertainty affects household … consumption, the precautionary saving channel and the investment-employment channel. Then, we use the household survey data (China …
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This paper studies the direct impact of households' debt on consumption over the business cycle. We use household …
Persistent link: https://www.econbiz.de/10013184105
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