The rise in household saving and its implications for the Australian economy

Owen Freestone (), Danial Gaudry, Sheannal Obeyesekere and Matthew Sedgwick
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Danial Gaudry: Treasury, Government of Australia
Matthew Sedgwick: Treasury, Government of Australia

Economic Roundup, 2011, issue 2, 61-79

Abstract: This paper looks at the increase in saving and the more subdued borrowing by households in recent years, exploring how this has been reflected in the household sector's financial transactions and balance sheet. The paper outlines a number of possible reasons for the turnaround and discusses the implications for the Australian economy, including the current account balance, bank funding, households' sensitivity to shocks and interest rates.

Keywords: consumption; wealth (search for similar items in EconPapers)
JEL-codes: E21 E60 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (2)

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http://www.treasury.gov.au/~/media/Treasury/Public ... ousehold_saving.ashx (application/pdf)
http://www.treasury.gov.au/PublicationsAndMedia/Pu ... e-Australian-economy (text/html)

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Persistent link: https://EconPapers.repec.org/RePEc:tsy:journl:journl_tsy_er_2011_2_3

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