Global household leverage, house prices, and consumption

135 citations recorded by the source corpus.

Citations in the corpus

How Does Credit Supply Expansion Affect the Real Economy? The Productive Capacity and Household Demand Channels (2020, unknown): “These results for the early 1990s recession confirm the pattern found by other researchers across U.S. counties during the Great Recession (Mian and Sufi (2014a)), across countries during the Great Recession (Glick and Lansing (2010), IMF (2012)), across countries during the 1990 to 1991 recession (”
Household Balance Sheets, Consumption, and the Economic Slump* (2013, unknown): “2 Cross-country business cycle studies by the IMF (2012), Jordà, Schularick and Taylor (2012), and Glick and Lansing (2009, 2010) show that the presence of a high level of household debt leads to deeper recessions.”
House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy (2013, unknown): “The same countries tended to experience the most severe declines in consumption once house prices started falling (Glick and Lansing 2010, International Monetary Fund 2012).1 Within the United States, house prices during the boom years of the mid-2000s rose faster in areas where subprime and exotic…”