Recent developments in Australian household debt
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Household debt in Australia has risen to record levels in recent years with highly geared households also coming under increased stress due to deteriorating conditions in asset prices, incomes and interest rates. This paper assesses recent developments in household debt from macroeconomic and microeconomic perspectives, and provides a research agenda to cast further light on the causes of burgeoning household debt.
JASSA The FINSIA Journal of Applied Finance
© 2008 JASSA and the Author[s]. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.