Search: GFC
RBA Glossary definition for GFC
GFC – Global Financial Crisis
Search Results
Data
10 Jul 2019
RDP
2019-06
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
Introduction
10 Jul 2019
RDP
2019-06
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
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
The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data
1 Jul 2019
RDP
2019-06
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
Literature Survey and Our Contribution
10 Jul 2019
RDP
2019-06
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
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