Household Debt, Consumption, and Monetary Policy in Australia

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 policy shock on households’ current consumption and... READ MORE...

Publication date: April 2019
ISBN 9781498303767
$18.00

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