Household Debt Overhang Did Hardly Cause a Larger Spending Fall during the Financial Crisis in the UK
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https://www.nber.org/papers/w28806
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资源简介：
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
提供机构：
美国国家经济研究局
创建时间：
2021-05-01
