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Where is the European household sector in the deleveraging cycle? ECRI Commentary No. 10, 10 May 2012

Fiorante, Angelo. (2012) Where is the European household sector in the deleveraging cycle? ECRI Commentary No. 10, 10 May 2012. [Working Paper]

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    Abstract

    One of many uncertainties still hanging over Europe’s economic recovery in the hostile post-crisis economic environment is how the household sector will cope with the debt reduction being sought. As a decade-long trend of generous credit expansion goes into reverse, deleveraging in the household sector moves forward, but the trend is far from homogeneous across nations. It is expected that household deleveraging will take time and that it will require continued policy support to prevent an abrupt retrenchment from debt, which could obstruct countries’ recovery.

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    Item Type: Working Paper
    Uncontrolled Keywords: Household sector.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ECRI Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 10 May 2012 13:19
    Number of Pages: 7
    Last Modified: 10 Dec 2019 15:50
    URI: http://aei.pitt.edu/id/eprint/34925

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