Has Higher Household Indebtedness Weakened Monetary Policy Transmission?

Has Higher Household Indebtedness Weakened Monetary Policy Transmission?
Has monetary policy in advanced economies been less effective since the global financial crisis because of deteriorating household balance sheets? This paper examines the question using household data from the United States. It compares the responsiveness of household consumption to monetary policy shocks in the pre- and post-crisis periods,... READ MORE...

Publication date: January 2019
ISBN 9781484393208
$18.00

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