located closer to the household than non-mortgage relations. Examining the heterogeneity of mortgage relations across …

government debt to GDP and the household debt to total household income. The estimation of the model is made feasible through the …

We confirm the negative relationship between household debt and future GDP growth documented in Mian, Sufi, and Verner … relationship. First, debt overhang impairs household consumption when negative shocks hit. Second, increases in household debt … be systematically neglected due to investors' overoptimistic expectations associated with household debt booms. In …

Historically high household debt in several economies is calling for a deleveraging, but according to some economists …, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates … suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via …

the Great Recession, there was a historic run-up in household debt, driven primarily by housing debt, which coincided with …. We examine the trends in household debt before, during, and since the 2000s financial crisis and Great Recession. As we … household debt has recovered to its previous level in nominal terms, its composition and characteristics have changed …

Using Danish household level data, we find that a relatively large share of total interest-only mortgage debt is held …