Household Debt and the Macroeconomy

Lower interest rates and an easing of liquidity constraints have led to a substantial rise in household debt over the past two decades. The greater indebtedness has made the household sector more sensitive to changes in interest rates, income and asset prices. This enhanced sensitivity is higher where more households have variable instead of fixed rate mortgages

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Year of publication:	2013
Authors:	Settlements, Bank for International
Other Persons:	Debelle, Guy (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Private Verschuldung \| Private debt \| Konjunktur \| Business cycle \| Privater Haushalt \| Household \| Wirkungsanalyse \| Impact assessment

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Extent:	1 Online-Ressource (14 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: BIS Quarterly Review, March 2004 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 1, 2004 erstellt
Classification:	E21 - Consumption; Saving ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013092050