Household debt and spending

Bunn, Philip; Rostom, May
August 2014
Bank of England Quarterly Bulletin;2014 3rd Quarter, Vol. 54 Issue 3, p304
Academic Journal
This article discusses the relationship between household debt and consumption in the Great Britain with the focus on whether mortgage debt increased before 2007 helped in financing household spending. It mentions the analysis of microdata which reveals that Great Britain households with high debt cut their spending following the financial crisis. It adds the development in Great Britain's household balance sheets before the financial crisis.


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