Reported MPC in the presence of debt

Abstract

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Family Finances and Debt Overhang: Evolving Consumption Patterns of Spanish Households

“…A related strand of literature studies how indebtedness affects households' reaction to income or wealth variations in terms of consumption(Mian et al, 2013;Baker, 2018;Christelis et al, 2019;Nakajima, 2020;Sala and Trivin, 2021;Fasianos and Lydon, 2021;Roiste et al, 2021).…”