Search: GFC

Sort by: Relevance Date
1–6 of 6 collapsed search results for GFC

RBA Glossary definition for GFC

GFC – Global Financial Crisis

Search Results

Data

10 Jul 2019 RDP 2019-06
Fiona Price, Benjamin Beckers and Gianni La Cava
computers. While the time series for durables spending is more limited than that for non-durables, it does cover the GFC period. ... Second, during the GFC, which had its peak unemployment effect in Australia in 2009, durables spending fell by more for
https://www.rba.gov.au/publications/rdp/2019/2019-06/data.html

The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data

1 Jul 2019 RDP 2019-06
Fiona Price, Benjamin Beckers and Gianni La Cava
This follows a period of stagnation in household debt relative to income, which included the global financial crisis (GFC). ... Since the GFC, there has also been growing interest in studying the effects of household debt.
https://www.rba.gov.au/publications/rdp/2019/2019-06/full.html

Introduction

10 Jul 2019 RDP 2019-06
Fiona Price, Benjamin Beckers and Gianni La Cava
This follows a period of stagnation in household debt relative to income, which included the global financial crisis (GFC). ... This is in contrast to the existing research which often focuses on the linkage between debt and spending during rare episodes
https://www.rba.gov.au/publications/rdp/2019/2019-06/introduction.html

Conclusion

10 Jul 2019 RDP 2019-06
Fiona Price, Benjamin Beckers and Gianni La Cava
While we find that household spending is more sensitive to debt during adverse shocks such as the GFC and local housing price shocks, the negative effect of debt also persists in
https://www.rba.gov.au/publications/rdp/2019/2019-06/conclusion.html

Literature Survey and Our Contribution

10 Jul 2019 RDP 2019-06
Fiona Price, Benjamin Beckers and Gianni La Cava
Since the GFC, there has also been growing interest in studying the effects of household debt. ... The importance of borrowing and liquidity constraints as well as uncertainty for consumption has been brought to the fore during the GFC (Pistaferri 2016).
https://www.rba.gov.au/publications/rdp/2019/2019-06/literature-survey-and-our-contribution.html

Does Debt Amplify the Effect of Financial Shocks on Spending?

10 Jul 2019 RDP 2019-06
Fiona Price, Benjamin Beckers and Gianni La Cava
We measure a financial shock in four ways. First, the GFC is used to capture an aggregate shock. ... The debt interaction coefficient is negative for all shocks, but only significantly different from zero for the GFC and the local housing price shocks.
https://www.rba.gov.au/publications/rdp/2019/2019-06/does-debt-amplify-the-effect-of-financial-shocks-on-spending.html