Ólafsson, Sigurdur Pall; Arnaldur Smári Stefánsson; … - 2024
relief on the saving of every taxpayer in the country using households that were not eligible for debt relief as a control … group. While a negative wealth effect on saving could have been expected, households amortized even more in response to the … debt forgiveness. The increased amortization is not only due to lower interest costs but also due to higher saving, mostly …