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Statements

Subject Item
n2:RIV%2F00216208%3A11230%2F10%3A10050412%21RIV11-GA0-11230___
rdf:type
n11:Vysledek skos:Concept
dcterms: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 to repay 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. 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 to repay 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.
dcterms:title
Household response to the economic crisis Household response to the economic crisis
skos:prefLabel
Household response to the economic crisis Household response to the economic crisis
skos:notation
RIV/00216208:11230/10:10050412!RIV11-GA0-11230___
n3:aktivita
n16:P n16:Z
n3:aktivity
P(GAP403/10/1235), Z(MSM0021620841)
n3:dodaniDat
n6:2011
n3:domaciTvurceVysledku
n17:4008634
n3:druhVysledku
n14:D
n3:duvernostUdaju
n4:S
n3:entitaPredkladatele
n13:predkladatel
n3:idSjednocenehoVysledku
262152
n3:idVysledku
RIV/00216208:11230/10:10050412
n3:jazykVysledku
n12:eng
n3:klicovaSlova
aggregate consumption; household default; insolvency; households? distress; credit cycle
n3:klicoveSlovo
n7:insolvency n7:aggregate%20consumption n7:credit%20cycle n7:households%3F%20distress n7:household%20default
n3:kontrolniKodProRIV
[671992603A45]
n3:mistoKonaniAkce
Bangkok
n3:mistoVydani
Bangkok
n3:nazevZdroje
Proceedings of the 2010 The International Conference on Organizational Innovation
n3:obor
n9:AH
n3:pocetDomacichTvurcuVysledku
1
n3:pocetTvurcuVysledku
1
n3:projekt
n18:GAP403%2F10%2F1235
n3:rokUplatneniVysledku
n6:2010
n3:tvurceVysledku
JakubĂ­k, Petr
n3:typAkce
n19:WRD
n3:zahajeniAkce
2010-08-04+02:00
n3:zamer
n22:MSM0021620841
s:numberOfPages
13
n15:hasPublisher
Siam University
n20:isbn
978-986-85682-2-8
n21:organizacniJednotka
11230