Research Discussion Paper – RDP 2020-05 How Risky is Australian Household Debt?
Jonathan Kearns, Mike Major and David Norman
August 2020
Contents
- Introduction
- Why is Australian Household Debt High Relative to History and Other Countries?
- Stress Testing Household Debt
- Conclusion
- Appendix A: Regression Data
- Appendix B: Fit of Predictive Unemployment Model
- References
The authors would like to thank Benjamin Beckers, Christian Gillitzer, Tom Rosewall, John Simon, Guy Debelle, Luci Ellis, Gianni La Cava, Adam Gorajek, Anthony Brassil, Peter Tulip, Nick Garvin, Callan Windsor and seminar participants at the Bank for International Settlements and the 2019 Sydney Banking and Financial Stability Conference for helpful comments on this paper. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia. The authors are solely responsible for any errors.