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Household Optimism and Overborrowing
(22.01.2018)
Journal of Money, Credit and Banking 1; February 2018
Journal of Money, Credit and Banking 1; February 2018
We use Finnish household-level data from 1994 to 2013 to measure how often and what kind of forecast errors households make and how the errors are linked to the households' borrowing behavior and overindebtedness. We find ...