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Economic conditions. Economic development --- International economic relations --- European law --- Lithuania --- 339.92 <474.5> --- 338 --- 341.175 --- 339.9 --- Litouwen --- Economische samenwerking en integratie. Tolunie--Litouwen --- Economische toestand. Economische ontwikkeling --- Europees recht --- Internationale economische betrekkingen --- #A9712E --- 339.92 <474.5> Economische samenwerking en integratie. Tolunie--Litouwen

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Historically high household debt in several economies is calling for a deleveraging, but according to some economists, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates. This relationship is however asymmetric, being significant only for debt build-ups. Declining debt ratios and saving are significantly related in some economies, but the relationship is driven by consumer credit, not by mortgages. Results therefore suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via lower mortgages.

Lithuania --- developpement economique --- lituanie --- situation economique --- 307.0 --- 330.540 --- 330.548 --- 330.580 --- 331.30 --- 331.31 --- 338.047 --- SU / Soviet Union - Ussr - Urss --- 338.24 <474.5> --- 338 <474.5> --- 338 (47) --- 338 (47) Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Rusland. Sovjet-Unie --- Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Rusland. Sovjet-Unie --- 338.24 <474.5> Instrumenten van de economische politiek. Economische orde. Economisch politieke maatregelen. Stabilisering. Stimuleringsmaatregelen. Regulering. Financiele steunmaatregelen--Litouwen --- Instrumenten van de economische politiek. Economische orde. Economisch politieke maatregelen. Stabilisering. Stimuleringsmaatregelen. Regulering. Financiele steunmaatregelen--Litouwen --- 338 <474.5> Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Litouwen --- Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Litouwen --- Economic conditions --- economische ontwikkeling --- litauen --- economische toestand --- Algemene statistische documentatie. Statistische jaarboeken. Grafieken. Statistische gegevensbanken --- Socialistische stelsels: algemeenheden --- Nationalisatie. Privatiseringen --- Gecontroleerde economie. Geleide economie. Welvaarststaat. Algemeenheden --- Economische toestand --- Economisch beleid --- Privé en openbare bedrijven. Openbare diensten. Gemengde economie --- Economic policy --- International finance --- United States --- Macroeconomics --- Economics: General --- Money and Monetary Policy --- Industries: Financial Services --- Financial Crises --- Macroeconomics: Consumption --- Saving --- Wealth --- Financial Markets and the Macroeconomy --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Personal Income, Wealth, and Their Distributions --- Economic & financial crises & disasters --- Economics of specific sectors --- Monetary economics --- Finance --- Consumer credit --- Money --- Consumption --- National accounts --- Financial institutions --- Disposable income --- Credit --- Currency crises --- Informal sector --- Economics --- National income