It takes the average reader and 50 minutes to read Household Deleveraging and Saving Rates: A Cross-Country Analysis by Romain Bouis
Assuming a reading speed of 250 words per minute. Learn more
Historically high household debt in several economies is calling for a deleveraging, but according to some economists, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates. This relationship is however asymmetric, being significant only for debt build-ups. Declining debt ratios and saving are significantly related in some economies, but the relationship is driven by consumer credit, not by mortgages. Results therefore suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via lower mortgages.
Household Deleveraging and Saving Rates: A Cross-Country Analysis by Romain Bouis is 49 pages long, and a total of 12,691 words.
This makes it 17% the length of the average book. It also has 16% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read Household Deleveraging and Saving Rates: A Cross-Country Analysis aloud.
Household Deleveraging and Saving Rates: A Cross-Country Analysis is suitable for students ages 8 and up.
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