Thursday, March 02, 2017

A new paper on Household Debt

High level household debt hurts growth "".....economic studies have regularly found that high levels of household debt is a negative for economic growth. Moreover, some economists have found a strong relationship between high levels of consumer debt and economic crises. Yet if you read the business press, analysts and government officials see rising consumer borrowing as a plus for growth. How does that make sense?" discusses a new paper from International Bank of Settlements.

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