Debt, delinquencies, and consumer spending

The sharp rise in household debt and delinquency rates over the last year has led to speculation that consumers will soon revert to more cautious spending behavior. Yet an analysis of the past relationship between household liabilities and expenditures provides little support for this view.

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Year of publication:	1997
Authors:	McCarthy, Jonathan
Published in:	Current Issues in Economics and Finance. - Federal Reserve Bank of New York. - Vol. 3.1997, Feb, 3
Publisher:	Federal Reserve Bank of New York
Subject:	Consumption (Economics) \| Consumer credit \| Bank loans

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Extent:	text/html application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005512137