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 …

This paper studies the consumption response to an increase in the domestic value of foreign currency household debt … with nonhomothetic preferences and "flight from quality." We find no effect on overall household labor supply, consistent …

A rapid increase in household debt is undeniably a main concern among policymakers. Studies indicating the damaging … effect of rapid rise in household debt towards economic growth attracted many researchers to determine its reasons. The risk … from high household debt is not only applicable to advanced economies, but also inherent in emerging economies. Thus, the …