UK Household Debt: A Threat to Growth or Stability?
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 th...
Main Author: | Muellbauer, J |
---|---|
Format: | Journal article |
Language: | English |
Published: |
2005
|
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