We study whether the level of household indebtedness is related to the interest rate elasticity of private consumption …. Looking at Finnish aggregate data, we find no robust evidence of increased interest rate elasticity of private consumption … period, which may have contributed towards muting the sensitivity of private consumption to interest rates even as aggregate …

article provides a nuanced take on consumer credit by exploring the interaction between consumption, borrowing, and class … idea that borrowing is undertaken mainly for conspicuous consumption, the article's findings show that middle- income … families in Chile borrow to consume 'ordinary' goods. Through the consumption of these goods, the Chilean middle classes seek …

We report the results of a longitudinal intervention with students across five universities in China designed to reduce … and borrowing activity with a third-party app and introspection about individuals’ consumption with a counselor. These …