Household Debt Overhang Did Hardly Cause a Larger Spending Fall during the Financial Crisis in Australia
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The debt-overhang hypothesis that households cut back more on their spending in a crisis when they have higher levels of outstanding mortgage debt (Dynan, 2012) seems to be taken for granted by macroprudential authorities in several countries in their policy decisions, as well as by the
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美国国家经济研究局创建时间：
2021-05-01
