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~isPartOf:"CESifo working papers"
~subject:"Private Verschuldung"
~subject:"secular stagnation"
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Private Verschuldung
secular stagnation
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Indebted demand
Mian, Atif
;
Straub, Ludwig
;
Sufi, Amir
-
2020
aggregate
demand
, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation …
Persistent link: https://www.econbiz.de/10012199991
Saved in:
2
Credit booms, debt overhang and secular stagnation
Illing, Gerhard
;
Ono, Yoshiyasu
;
Schlegl, Matthias
-
2017
booms? We present a model of persistent
aggregate
demand
shortage based on strong liquidity preferences of households, in … booms can mask this structural
aggregate
demand
deficiency. However, the resulting debt overhang permanently depresses …
Persistent link: https://www.econbiz.de/10011774952
Saved in:
3
The effect of household debt on
aggregate
demand
: the case of Spain
Jauch, Sebastian
;
Watzka, Sebastian
-
2012
especially debt levels on
aggregate
demand
. Based on a cross country study of 18 European countries we show that there is a … strong link between household sector debt and
aggregate
demand
. We strengthen these results by an analysis for Spanish … provinces. The level of household debt in the Spanish provinces is highly significant for changes in
aggregate
demand
that …
Persistent link: https://www.econbiz.de/10009621757
Saved in:
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