Journal article
UK Household Debt: A Threat to Growth or Stability?
- Abstract:
-
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...
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Bibliographic Details
- Journal:
- Economic Outlook
- Volume:
- 29
- Publication date:
- 2005-01-01
- ISSN:
-
0140-489X
Item Description
- Language:
- English
- UUID:
-
uuid:1ac7110a-5e8b-4a38-9b3e-4eaa3ddbd7ab
- Local pid:
- oai:economics.ouls.ox.ac.uk:10600
- Deposit date:
- 2011-08-16
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- Copyright date:
- 2005
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