Household Debt, Consumption, and Monetary Policy in Australia /

This paper discusses the evolution of the household debt in Australia and finds that while higher-income and higher-wealth households tend to have higher debt, lower-income households may become more vulnerable to rising debt service over time. Then, the paper analyzes the impact of a monetary polic...

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Bibliographic Details
Main Author: Loukoianova, Elena
Other Authors: Hussiada, Ioana, Wong, Yu Ching
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2019.
Series:IMF Working Papers; Working Paper ; No. 2019/076
Online Access:Full text available on IMF