Abstract

http://ssrn.com/abstract=1968418
 
 

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Household Debt and the Macroeconomy


Bank for International Settlements


Bank for International Settlements (BIS)

Guy Debelle


Reserve Bank of Australia

March 1, 2004

BIS Quarterly Review, March 2004

Abstract:     
Lower interest rates and an easing of liquidity constraints have led to a substantial rise in household debt over the past two decades. The greater indebtedness has made the household sector more sensitive to changes in interest rates, income and asset prices. This enhanced sensitivity is higher where more households have variable instead of fixed rate mortgages.

Number of Pages in PDF File: 14

JEL Classification: E210, E520

Accepted Paper Series


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Date posted: May 3, 2012 ; Last revised: September 29, 2013

Suggested Citation

Settlements, Bank for International and Debelle, Guy, Household Debt and the Macroeconomy (March 1, 2004). BIS Quarterly Review, March 2004. Available at SSRN: http://ssrn.com/abstract=1968418

Contact Information

Bank for International Settlements
Bank for International Settlements (BIS) ( email )
Centralbahnplatz 2
Basel, Basel-Stadt 4051
Switzerland
Guy Debelle (Contact Author)
Reserve Bank of Australia ( email )
65, Martin Place
Sydney, NSW 2000
Australia
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