Indicator and default elasticity coefficient are used to quantitatively assess the financial instability and default risk of … subgroups of United States households classified by percentile of income and net worth. It turns out that the financial … instability level of the United States household during the pandemic has not been as high as that during the 2007 crisis and the …

This paper empirically examines how fiscal instability affects financial instability. According to an IMF forecast … impact of fiscal instability on financial instability. I also find that the intensity of this fiscal-financial relationship …