Lessons learned from the Economics Department's research work on household balance sheets and related issues
Over the last three years, the Economics Department has undertaken a range of research regarding the financial position of households. This article provides an overview of this research. The work was largely motivated by concerns about: rising household debt, an apparent decline in household saving, and rising house prices. Each of these issues can have consequences for financial stability and the economic cycle, and hence are of vital interest to the Reserve Bank.
Volume (Year): 70 (2007)
Issue (Month): (December)
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- Peter Abelson & Roselyne Joyeux & George Milunovich & Demi Chung, 2005. "Explaining House Prices in Australia: 1970-2003," The Economic Record, The Economic Society of Australia, vol. 81(s1), pages S96-S103, 08.
- Arthur Grimes & Suzi Kerr & Andrew Aitken, 2003.
"Housing and Economic Adjustment,"
- David Hargreaves & Hannah Kite & Bernard Hodgetts, 2006. "Modelling New Zealand inflation in a Phillips curve," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 69, September.
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