Arbeitspapier
Determinants of credit to households in a life-cycle model
This paper applies a life-cycle model with individual income uncertainty to investigate the determinants of credit to households. We show that the value of household credit to GDP ratio depends on (i) the lending-deposit interest rate spread, (ii) individual income uncertainty, (iii) individual productivity persistence, and (iv) the generosity of the pension system. Subsequently, we provide empirical evidence for the predictions of the theoretical model on the basis of data for OECD and EU countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 1420
- Klassifikation
-
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
Interest Rates: Determination, Term Structure, and Effects
Money Supply; Credit; Money Multipliers
- Thema
-
banking sector
Household credit
life cycle economies
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Rubaszek, Michał
Serwa, Dobromil
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Rubaszek, Michał
- Serwa, Dobromil
- European Central Bank (ECB)
Entstanden
- 2012
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