Dynan, Karen; Edelberg, Wendy - In: Review (2013) Sep, pp. 425-448
Some recent studies suggest that high levels of household debt and leverage have contributed to the relatively sluggish … complicated changes in the household economic environment during the Great Recession and subsequent slow recovery. Leverage may … uncomfortable with their leverage compared with some behavioral benchmark. The authors use the 2007-09 Survey of Consumer Finances …