Nytt Ekonomistasinlägg
Svenska hushålls skulder är inte för höga: Se på soliditet och likviditet, inte skuldkvoten
ekonomistas.se/2025/11/17/s...
Nytt Ekonomistasinlägg
Svenska hushålls skulder är inte för höga: Se på soliditet och likviditet, inte skuldkvoten
ekonomistas.se/2025/11/17/s...
Swedish household debt is not too high: Look at solvency and liquidity, not debt to income
cepr.org/voxeu/column...
The household debt-to-income ratio (the light-blue line) looks less threatening in the bottom figure, when compared with the household assets-to-income and net wealth-to-income ratio.
Graph of Swedish household debt-to-income ratio as a percent with the high-risk thresholds of the European Commission and ESRB noted. The Swedish authorities and international organisations often claim that household debt poses a threat to financial and macroeconomic stability, with reference to a high debt-to-income ratio. This column argues that the debt-to-income ratio is a poor predictor of future crises, and that one should look at aggregate and individual data on household solvency (debt relative to assets) and liquidity (debt-service relative to debt-service capacity) instead. Because solvency and liquidity levels are good, Swedish household debt is not a threat to financial and macroeconomic stability.
@leosven.bsky.social argues that the debt-to-income ratio is a poor predictor of future crises, and that one should look at aggregate and individual data on household solvency and liquidity instead.
cepr.org/voxeu/column...
#EconSky
New VoxEU column
cepr.org/voxeu/column...
Ekonomistas: Särskilt yttrande till utredningen om Reglering av hushållens skulder SOU 2024:71
ekonomistas.se/2024/11/04/s...
New paper: "Is Swedish Household Debt Too High?"
larseosvensson.se/2024/11/01/i...
