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Lessons learned from the Economics Department's research work on household balance sheets and related issues

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  • Phil Briggs

    (Reserve Bank of New Zealand)

Abstract

Over the last three years, the Economics Department has undertaken a range of research regarding the financial position of households. This article provides an overview of this research. The work was largely motivated by concerns about: rising household debt, an apparent decline in household saving, and rising house prices. Each of these issues can have consequences for financial stability and the economic cycle, and hence are of vital interest to the Reserve Bank.

Suggested Citation

  • Phil Briggs, 2007. "Lessons learned from the Economics Department's research work on household balance sheets and related issues," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 70, December.
    • Handle: RePEc:nzb:nzbbul:december2007:2
    as

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    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2007/2007dec70-4briggs.pdf
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    References listed on IDEAS

    as
    1. Arthur Grimes & Suzi Kerr & Andrew Aitken, 2003. "Housing and Economic Adjustment," Urban/Regional 0310006, University Library of Munich, Germany.
    2. Phil Briggs, 2006. "Family trusts: ownership, size and their impact on measures of wealth and home ownership," Reserve Bank of New Zealand Discussion Paper Series DP2006/06, Reserve Bank of New Zealand.
    3. David Hargreaves & Hannah Kite & Bernard Hodgetts, 2006. "Modelling New Zealand inflation in a Phillips curve," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 69, September.
    4. Luci Ellis, 2006. "Housing and Housing Finance: The View from Australia and Beyond," RBA Research Discussion Papers rdp2006-12, Reserve Bank of Australia.
    5. Peter Abelson & Roselyne Joyeux & George Milunovich & Demi Chung, 2005. "Explaining House Prices in Australia: 1970–2003," The Economic Record, The Economic Society of Australia, vol. 81(s1), pages 96-103, August.
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    Cited by:

    1. Robert A. Buckle & Aaron Drew, 2008. "The business cycle, housing and the role of policy: summary of a recent conference held by The Treasury and the Reserve Bank of New Zealand," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 71, March.

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