Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/210271 
Year of Publication: 
2012
Series/Report no.: 
Staff Memo No. 33/2012
Publisher: 
Norges Bank, Oslo
Abstract: 
From a broad financial stability perspective, sustainable household debt should be evaluated within a steady-state consumption-path approach. We calculate measures for households' steady-state consumption based on average consumption to income ratios for a number of household groups and use a 'counterfactual history approach' to evaluate their debt sustainability. The results show that households within the first-home buyers and second steppers groups, which hold more than half of total household debt in Norway, are vulnerable to an increase in the loan rate.
Subjects: 
household debt
sustainability
consumption
Persistent Identifier of the first edition: 
ISBN: 
978-82-7553-712-4
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Research Report
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