Household indebtedness in Korea has surged persistently during 2003-2022. Low interest rates, coupled with escalating … housing prices, are the key drivers of growing household debt. In this context, monetary tightening may play an opposite role … to conventional monetary policy. Moreover, inordinate indebtedness likely acts as a deterrent to household consumption …

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 …

assets, particularly stocks. Using an instrumental variable approach and household survey data, I estimate a lower stock … market participation when the household's home equity is below the exemption level. However, I do not find a stronger …

The relationship between household debt growth and economic growth has been the subject of debate. On one hand, it is … generally viewed as a positive relationship. On the other hand, rapid growth of household debt could cause economic downturns …. This research aims to (1) study the relationship between rising household-debt-to-GDP and the growth of real GDP and …

This paper examines whether relative income and income inequality within reference groups affect household consumption …. Using the explanations of consumption behavior based on Dusenberry's relative income hypothesis, we test if household … consumption levels in Turkey are affected by the household's relative position and inequality in the reference group between 2005 …