The liberalisation of credit constraints in the 1970s for UK consumers has had important implications for the housing market and consumer spending. This paper by John Muellbauer1 examines the factors that have driven soaring consumer debt and house price levels; in particular those observed since the mid-1990s. By relying on recent econometric evidence and trends in credit availability, real income per head, nominal and real after tax mortgage rates, measures of perceived risk and broad demog...Expand abstract
- Economic Outlook
- Publication date:
- Local pid:
- Copyright date:
UK Household Debt: A Threat to Growth or Stability?
Views and Downloads
If you are the owner of this record, you can report an update to it here: Report update to this record