Wpływ spowolnienia gospodarczego na zadłużenie gospodarstw domowych w Polsce
Impact of economic slowdown on households’ debt in Poland

Summary/Abstract: Household debt fluctuates in different phases of business cycle. The global economic slowdown, which has observed since 2008, has had an impact on the behavior of economic agents in Poland. Objective rate of economic development has limited influence on household decisions on the credit market. The growth rate of loans to private sector is more responsive to consumers’ subjective perception of the current and future economic situation. The discretionary regulatory policy strengthened the pro-cyclical nature of the loans in the first decade of the twenty-first century.

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