Household debt and the macroeconomy

dc.contributor.advisor	Linnemann, Ludger
dc.contributor.author	Klein, Mathias
dc.contributor.referee	Winkler, Roland
dc.date.accepted	2017-01-31
dc.date.accessioned	2017-02-24T07:38:14Z
dc.date.available	2017-02-24T07:38:14Z
dc.date.issued	2017
dc.description.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.	en
dc.identifier.uri	http://hdl.handle.net/2003/35830
dc.identifier.uri	http://dx.doi.org/10.17877/DE290R-17854
dc.language.iso	en	de
dc.subject	Private Verschuldung	de
dc.subject	Ungleichheit	de
dc.subject	Fiskalpolitik	de
dc.subject.ddc	330
dc.subject.rswk	Einkommensverteilung / Ungleichheit / Private Verschuldung	de
dc.subject.rswk	Fiskalpolitik / Private Verschuldung	de
dc.title	Household debt and the macroeconomy	en
dc.type	Text	de
dc.type.publicationtype	doctoralThesis	de
dcterms.accessRights	open access

Files

Now showing 1 - 1 of 1

Now showing 1 - 1 of 1