Debt repayment problems have ‘severe consequences’ on consumption, paper finds

bank-of-estonia — Central Bank of Estonia: paper analyses impact of debt repayment problems on consumption

Central Banking Newsdesk
15 Feb 2016

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Debt repayment issues lead to "substantial" short-term changes in consumption, a working paper published by the Central Bank of Estonia suggests.

In Debt repayment problems: what are the implications for consumption? Merike Kukk investigates the impact of debt repayment problems on consumption in Estonia from 2004–2011.

On average, quarterly consumption measured 30% lower when an individual had debt repayment problems; the longer the problem lasts, the more "severe" the decline in consumption was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]