Household debt in many advanced economies has increased significantly since the 1980s and accelerated in the years …. Precautionary savings, due to labour income uncertainty, have also influenced household decisions especially, during the 2007 …

This paper studies the economic impact of the current global economic downturn on the household sector. Household … for the small open emerging economy. As a result of a lack of individual data on household finances, micro data are … household default rates and unemployment. We find that potential household insolvencies have important implications for the …

This paper studies the economic impact of the current global economic downturn on the household sector. Household … for the small open emerging economy. As a result of a lack of individual data on household finances, micro data are … household default rates and unemployment. We find that potential household insolvencies have important implications for the …

fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the … impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature …