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 consumpti...
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| Kolejni autorzy: | , |
| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
2018.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2018/076 |
| Dostęp online: | Full text available on IMF |