Omozele Lynda Showunmi

Monetary policy transmission and household debt dynamics: Evidence from wavelet quantile regression (WQR) and wavelet quantile correlation (WQC) analysis

Central banks must closely monitor household debt because it shapes aggregate spending behaviour and influences how households respond to economic shocks. The macroeconomic effects of such shocks depend not only on the overall level of household indebtedness, but also on the inte...