1 “... debt levels can create vulnerabilities, which amplify and transmit macroeconomic and asset price shocks...”

2 “...Housing markets are large and highly volatile: they can thus create large macroeconomic risks...”

3 “...Using a large panel of OECD countries this paper studies the link between debt and macroeconomic...”

4 “... and macroeconomic stability. Business cycle and time-series characteristics of GDP and its components are employed...”

5 “...The decline in macroeconomic volatility from the 1980s to the onset of the Great Recession did...”

6 “... economic instability is only very loosely related to macroeconomic volatility. It uses several household...”

7 “... economic instability is only very loosely related to macroeconomic volatility. It uses several household...”