European Parliament Library

Canada :, Selected Issues

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
Table Of Contents
Cover; Contents; I. Assessing The Impact of High Household Debt On Economic Volatility In Canada; A. Introduction; B. Household Debt and Economic Volatility: Empirical Evidence; C. Household Debt and Economic Volatility: Model Simulations; Figures; I.1. Impulsive Response After a Housing Bust in High- and Low-debt Countries; I.2. Impulse Response to a Housing Demand Shock; I.3. Impulse Response to an External Demand Shock; I.4. Deviations from Staff Baseline After Housing and External Demand Shocks; II. Is There an Excess Supply of Housing in Canada?; A. Introduction
Literary Form
non fiction
February 2013
Physical Description
1 online resource (61 p.)
Specific Material Designation
Form Of Item

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