Authors: | Klein, Mathias |
Title: | Household debt and the macroeconomy |
Language (ISO): | en |
Abstract: | This thesis presents four essays that study the determinants of private household debt and the relation between private indebtedness and macroeconomic activity. Chapter 1 shows that inequality and household debt are cointegrated of order one and therefore share a common trending relation. In Chapter 2, I demonstrate that interpersonal comparison is an important driver of short-run credit movements. Chapter 3 points out that the effects of fiscal consolidations crucially depend on the level of private indebtedness. In Chapter 4, I present a model with financial frictions that is able to replicate the empirical responses of household debt and other main macro aggregates to technology shocks and income tax cuts. |
Subject Headings: | Private Verschuldung Ungleichheit Fiskalpolitik |
Subject Headings (RSWK): | Einkommensverteilung / Ungleichheit / Private Verschuldung Fiskalpolitik / Private Verschuldung |
URI: | http://hdl.handle.net/2003/35830 http://dx.doi.org/10.17877/DE290R-17854 |
Issue Date: | 2017 |
Appears in Collections: | Lehrstuhl Volkswirtschaftslehre (Wirtschaftspolitik) |
Files in This Item:
File | Description | Size | Format | |
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Dissertation_Mathias_Klein.pdf | DNB | 1.8 MB | Adobe PDF | View/Open |
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