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dc.contributor.authorVatne, Bjørn Helge
dc.description.abstractThis paper utilises household level data from administrative registers to illustrate that Norwegian households' high debt-to-income and loan-to-value ratios could prompt an increase in household saving in the event of a rise in interest rates and/or a fall in house prices. Both higher direct net interest expenses and higher principal payments could displace consumption. The effect will depend on the financial situation of each household. If we assume a 3 percentage point increase in interest rates and a 30 percent fall in house prices, the calculations indicate that total household income available for consumption could fall by as much as 8 percent.nb_NO
dc.publisherNorges Banknb_NO
dc.relation.ispartofseriesStaff Memo;16/2014
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internasjonal*
dc.titleOn the Risk of a Fall in Household Consumption in Norwaynb_NO
dc.typeWorking papernb_NO
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210nb_NO

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Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal