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Canada: Selected Issues

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  • International Monetary Fund

Abstract

This paper assesses the impact of high household debt on economic volatility in Canada. The debt per se may not necessarily be a risk for economic activity; it can amplify other shocks as well. A few studies have emphasized the link between the growth of household debt before 2007 and the severity of the Great Recession. Economies with debt tend to experience more severe housing busts and recessions. If household debt ratios are not stabilized, the vulnerability of the Canadian economy is likely to be high.

Suggested Citation

  • International Monetary Fund, 2013. "Canada: Selected Issues," IMF Staff Country Reports 2013/041, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/041
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40321
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    References listed on IDEAS

    as
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    Cited by:

    1. Kits, Gerda J., 2017. "Good for the Economy? An Ecological Economics Approach to Analyzing Alberta’s Bitumen Industry," Ecological Economics, Elsevier, vol. 139(C), pages 68-74.
    2. He, D., 2014. "The effects of macroprudential policies on housing market risks: evidence from Hong Kong," Financial Stability Review, Banque de France, issue 18, pages 105-120, April.
    3. Julien Reynaud, 2015. "Gauging Housing Supply in Canada: A Stock Approach," IMF Working Papers 2015/128, International Monetary Fund.

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