This paper examines the extent to which a fiscal stimulus through car loans induces financial distress. Using data to study the impact of Thailand’s first-car-buyer tax rebate scheme at both individual and postcode levels, this paper finds that the program led to higher loan delinquency and crowded out other loan originations, which are symptoms implied by excessive debt burden..

Fiscal Stimulus and Household Debt: Evidence from Thailand’s First-Car Buyer Tax Rebate
- Post author:sdgpi
- Post published:Jun 25, 2019
- Post category:Research / SDG 10 / SDG 8 / SDG 9 / Sustainable Development Goals
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