Please use this identifier to cite or link to this item: https://hdl.handle.net/10620/17914
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dc.contributor.authorRead, Matthew-
dc.contributor.authorBilston, Tom-
dc.contributor.authorJohnson, Robert-
dc.date.accessioned2019-04-13T03:39:25Zen
dc.date.accessioned2015-03-10T21:45:00Zen
dc.date.available2015-03-10T21:45:00Zen
dc.date.issued2015-03-09-
dc.identifier.isbn1448-5109en
dc.identifier.urihttps://hdl.handle.net/10620/17914en
dc.identifier.urihttp://hdl.handle.net/10620/4088en
dc.description.abstractIn Australia, the banking sector’s substantial exposure to the household sector gives reason to continuously assess the financial resilience of households. In this paper, we further explore the simulation-based household stress-testing model presented in Bilston and Rodgers (2013). This model uses data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey to quantify the household sector’s financial resilience to macroeconomic shocks. The model suggests that through the 2000s the household sector remained resilient to scenarios involving asset price, interest rate and unemployment rate shocks, and the associated increases in household loan losses under these scenarios were limited. Indeed, the results suggest that, despite rising levels of household indebtedness in aggregate, the distribution of household debt has remained concentrated among households that are well placed to service it. In turn, this suggests that aggregate measures of household indebtedness may be misleading indicators of the household sector’s financial fragility. The results also highlight the potential for expansionary monetary policy to offset the effects of increases in unemployment and decreases in asset prices on household loan losses.en
dc.subjectIncome & Financeen
dc.subjectEmploymenten
dc.titleStress Testing the Australian Household Sector Using the HILDA Surveyen
dc.typeReports and technical papersen
dc.identifier.urlhttp://www.rba.gov.au/publications/rdp/2015/2015-01.htmlen
dc.identifier.surveyHILDAen
dc.description.institutionReserve Bank of Australiaen
dc.title.reportResearch Discussion Paper No 2015-01en
dc.description.keywordsstress testen
dc.description.keywordshousehold surveysen
dc.description.pages36en
dc.title.seriesResearch Discussion Papersen
local.identifier.id4588en
dc.publisher.citySydneyen
dc.description.additionalinfoRDP 2015-01en
dc.subject.dssIncome, wealth and financesen
dc.subject.dssLabour marketen
dc.subject.dssmaincategoryEmploymenten
dc.subject.dssmaincategoryIncome & Financeen
dc.subject.flosseIncome, wealth and financesen
dc.subject.flosseEmployment and unemploymenten
dc.relation.surveyHILDAen
dc.old.surveyvalueHILDAen
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.cerifentitytypePublications-
item.grantfulltextnone-
item.openairetypeReports and technical papers-
item.fulltextNo Fulltext-
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