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Hushållens skuldsättning och den privata konsumtionen

Nilsson, Martin LU (2013) NEKH01 20131
Department of Economics
Abstract (Swedish)
In recent years, household debt levels among the industrialized countries have increased heavily. The Swedish central bank has had concerns about this increase and its macroeconomic effect. Partly this is due to the fact that private consumption might have been inflated by borrowed money. As some perceive household debt as a stimulant, others fear the consequences of over-indebtedness. This paper has examined the relationship between household debt and private consumption in Sweden, Spain, France and the UK. The data range from 1988 to 2012. Three time-series models have been specified with the permanent-income hypothesis as the theoretical framework. The models show that household debt levels have a significant impact on private... (More)
In recent years, household debt levels among the industrialized countries have increased heavily. The Swedish central bank has had concerns about this increase and its macroeconomic effect. Partly this is due to the fact that private consumption might have been inflated by borrowed money. As some perceive household debt as a stimulant, others fear the consequences of over-indebtedness. This paper has examined the relationship between household debt and private consumption in Sweden, Spain, France and the UK. The data range from 1988 to 2012. Three time-series models have been specified with the permanent-income hypothesis as the theoretical framework. The models show that household debt levels have a significant impact on private consumption in France and the UK. However, in the case of Sweden and Spain no significant relationship is found. In recent years, household debt levels among the industrialized countries have increased heavily. The Swedish central bank has had concerns about this increase and its macroeconomic effect. Partly this is due to the fact that private consumption might have been inflated by borrowed money. As some perceive household debt as a stimulant, others fear the consequences of over-indebtedness. This paper has examined the relationship between household debt and private consumption in Sweden, Spain, France and the UK. The data range from 1988 to 2012. Three time-series models have been specified with the permanent-income hypothesis as the theoretical framework. The models show that household debt levels have a significant impact on private consumption in France and the UK. However, in the case of Sweden and Spain no significant relationship is found. In the conclusion these insignificant results are discussed to be a problem of the specification of the mode. Further variables could have improved the results. (Less)
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author
Nilsson, Martin LU
supervisor
organization
course
NEKH01 20131
year
type
M2 - Bachelor Degree
subject
keywords
hushållens skuldsättning, privat konsumtion, tidsserieanalys, permanenta inkomsthypotesen, överskuldssättning
language
Swedish
id
4054003
date added to LUP
2013-09-19 13:03:24
date last changed
2013-09-19 13:03:24
@misc{4054003,
  abstract     = {In recent years, household debt levels among the industrialized countries have increased heavily. The Swedish central bank has had concerns about this increase and its macroeconomic effect. Partly this is due to the fact that private consumption might have been inflated by borrowed money. As some perceive household debt as a stimulant, others fear the consequences of over-indebtedness. This paper has examined the relationship between household debt and private consumption in Sweden, Spain, France and the UK. The data range from 1988 to 2012. Three time-series models have been specified with the permanent-income hypothesis as the theoretical framework. The models show that household debt levels have a significant impact on private consumption in France and the UK. However, in the case of Sweden and Spain no significant relationship is found. In recent years, household debt levels among the industrialized countries have increased heavily. The Swedish central bank has had concerns about this increase and its macroeconomic effect. Partly this is due to the fact that private consumption might have been inflated by borrowed money. As some perceive household debt as a stimulant, others fear the consequences of over-indebtedness. This paper has examined the relationship between household debt and private consumption in Sweden, Spain, France and the UK. The data range from 1988 to 2012. Three time-series models have been specified with the permanent-income hypothesis as the theoretical framework. The models show that household debt levels have a significant impact on private consumption in France and the UK. However, in the case of Sweden and Spain no significant relationship is found. In the conclusion these insignificant results are discussed to be a problem of the specification of the mode. Further variables could have improved the results.},
  author       = {Nilsson, Martin},
  keyword      = {hushållens skuldsättning,privat konsumtion,tidsserieanalys,permanenta inkomsthypotesen,överskuldssättning},
  language     = {swe},
  note         = {Student Paper},
  title        = {Hushållens skuldsättning och den privata konsumtionen},
  year         = {2013},
}