We need to deal with household debt now before the next financial crisis hits

Hiilamo, Heikki (2018) We need to deal with household debt now before the next financial crisis hits. LSE Business Review (01 Nov 2018). Blog Entry.

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Abstract

What will happen to indebted households when the next recession hits Europe? Strongly pro-cyclical financial policy in the US is likely to trigger over-heating and recession in the US perhaps already at the end of next year. Many economists predict a recession to strike Europe a year later. One thing is sure. Sooner or later a recession will arrive and with already near zero level interest rates the means to fight it are more limited than they were after the economic collapse of 2008.

Item Type:	Online resource (Blog Entry)
Official URL:	https://blogs.lse.ac.uk/businessreview/
Additional Information:	© 2018 The Author(s)
Divisions:	LSE
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited:	10 May 2021 13:33
Last Modified:	15 Sep 2023 11:05
URI:	http://eprints.lse.ac.uk/id/eprint/110412

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