Household response to the economic crisis

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F10%3A10050412" target="_blank" >RIV/00216208:11230/10:10050412 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Household response to the economic crisis
Original language description
This paper studies the economic impact of the current global economic downturn on the household sector and aims to find critical values for key macroeconomic indicators. The economic downturn arguably makes it less likely that households will be able torepay their loans. Household budgets can be negatively affected by declines in nominal wages and increases in unemployment. We empirically test this effect for the Czech economy, but our results are more general. Our analysis describes two basic mechanisms causing the increase in the insolvency rate ? a decline in nominal wages and an increase in unemployment. We find that potential household insolvencies have important implications for the financial system as well as for the economy as a whole.
Czech name
—
Czech description
—

Project
<a href="/en/project/GAP403%2F10%2F1235" target="_blank" >GAP403/10/1235: Institutional Responses to Financial Market Failures</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>Z - Vyzkumny zamer (s odkazem do CEZ)

Publication year
2010
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 2010 The International Conference on Organizational Innovation
ISBN
978-986-85682-2-8
ISSN
—
e-ISSN
—
Number of pages
13
Pages from-to
—
Publisher name
Siam University
Place of publication
Bangkok
Event location
Bangkok
Event date
Aug 4, 2010
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
—

Similar results(10)