As Korea's household debt has increased rapidly since the mid-2000s, concerns that its economy's hard-wired leveraging … long-run trend. Housing preferences and monetary shocks can both trigger deleveraging, as most household debt is profoundly … macroeconomic effects of deleveraging. Because a lower loan-to-value (LTV) ceiling limits the size of household debt, the …

household debt in China. We find that rising household indebtedness could boost consumption in the short term, while reducing it …High household indebtedness could constrain future consumption growth and increase financial stability risks. This … paper uses household survey data to analyze both macroeconomic and finanical stability risks from the rapidly rising …

household debt in China. We find that rising household indebtedness could boost consumption in the short term, while reducing it …High household indebtedness could constrain future consumption growth and increase financial stability risks. This … paper uses household survey data to analyze both macroeconomic and finanical stability risks from the rapidly rising …

This paper studies the impact of household indebtedness on the transmission of monetary policy to consumption using the … Chinese household-level survey data. We employ a panel smooth transition regression model to investigate the non-linear role … non-linear as there is a much larger counteraction of consumption in response to monetary policy shocks when household …