Figure 2.6. Effects of Household Debt on GDP Growth: Robustness Tests,,,,,,,
(Regression coefficients),,,,,,,
,,,,,,,
1. Mortgage and Non-Mortgage Debt,,,,,,,
,t,t + 1,t + 2,t + 3,t + 4,t + 5,t + 6
Mortgage,0.0337,-0.0205,-0.0862,-0.1685,-0.2224,-0.2276,-0.1902
Nonmortgage,0.0312,-0.0107,-0.0286,-0.0218,0.0053,0.0237,0.0331
,,,,,,,
2. Debt-to-Assets and Household Debt-to-GDP Ratios,,,,,,,
,t,t + 1,t + 2,t + 3,t + 4,t + 5,t + 6
Household Debt-to-GDP Ratio,0.0750,0.0205,-0.1451,-0.4766,-0.6523,-0.5773,-0.3523
Debt-to-Assets Ratio,0.2037,-0.1050,-0.1310,0.1449,-0.0500,-0.6230,-1.0920