Household debt in OECD countries: stylised facts and policy issues

Christophe André

Chapter 2 in Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis - 2015 edition, 2016, pp v1, 33-85 from Narodowy Bank Polski

Abstract: Household debt has risen markedly since the turn of the century and stands at a historically high level in most OECD countries. This paper offers an overview of developments in household debt over the past decades across a large sample of OECD countries, highlighting both common trends and country specificities. It examines the vulnerabilities associated with high household debt for households, the financial system and the wider economy. Finally, it describes the challenges faced by policymakers at the current juncture and outlines responses in terms of monetary, micro and macro-prudential, and housing policies.

Keywords: housing market; house prices; economic and financial stability (search for similar items in EconPapers)
JEL-codes: D14 E21 E52 G21 G28 R21 R31 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Working Paper: Household debt in OECD countries: Stylised facts and policy issues (2016)
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