Understanding the Macro-Financial Effects of Household Debt: A Global Perspective

Understanding the Macro-Financial Effects of Household Debt: A Global Perspective
We confirm the negative relationship between household debt and future GDP growth documented in Mian, Sufi, and Verner (2017) for a wider set of countries over the period 1950–2016. Three mutually reinforcing mechanisms help explain this relationship. First, debt overhang impairs household consumption when negative shocks... READ MORE...

Publication date: April 2018
ISBN 9781484349861
$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: April 2018

PDF

Publication date: April 2018

ePub

Publication date: April 2018

Mobi

Publication date: April 2018

English