Household Secured Debt

11 Pages Posted: 6 Apr 2005

See all articles by Matthew Hancock

Matthew Hancock

Bank of England - Monetary Analysis

Robert Wood

Independent

Abstract

Deteriorating household sector balance sheets were widely thought to have exacerbated the recession in the early 1990s. In recent years households have once more significantly increased their indebtedness; this has been matched in aggregate by an accumulation of financial assets. This article analyses homeowners' financial positions since the late 1980s using disaggregated data, to assess the extent to which debt may exert an important influence on the macroeconomy in the current conjuncture.

Suggested Citation

Hancock, Matthew and Wood, Robert, Household Secured Debt. Bank of England Quarterly Bulletin, Autumn 2004, Available at SSRN: https://ssrn.com/abstract=700067

Matthew Hancock (Contact Author)

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

Robert Wood

Independent

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