01984cas a2200301 a 4500 AALejournalIMF022286 230101c9999 xx r poo 0 0eng d 5.00 USD 9781589064072 1018-5941 BD-DhAAL BD-DhAAL Bouis, Romain. Household Deleveraging and Saving Rates : A Cross-Country Analysis / Romain Bouis. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (49 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Historically high household debt in several economies is calling for a deleveraging, but according to some economists, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates. This relationship is however asymmetric, being significant only for debt build-ups. Declining debt ratios and saving are significantly related in some economies, but the relationship is driven by consumer credit, not by mortgages. Results therefore suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via lower mortgages. Mode of access: Internet Financial Crises imf Financial Markets and the Macroeconomy imf Macroeconomics imf Saving imf Wealth imf IMF Working Papers; Working Paper ; No. 2021/257 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/257/001.2021.issue-257-en.xml IMF e-Library