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Australians May Be Less Sensitive to Shocks, RBA Paper Finds.

Australians May Be Less Sensitive to Shocks, RBA Paper Finds.

Authors :
Pandey, Swati
Source :
Bloomberg.com; 11/9/2021, pN.PAG-N.PAG, 1p
Publication Year :
2021

Abstract

(Bloomberg) -- Australians may be less sensitive to economic shocks as their holdings of liquid assets like cash and equities have increased in tandem with a property-fueled rise in household debt, according to Reserve Bank research. It's common to read that "higher housing prices and debt over recent decades has made the economy more financially fragile", the RBA research paper said Wednesday. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
153472616