financial market segmentation. If we enrich the set of observables with a measure of long-term debt, the semi-elasticity of the … risk premium to the amount of debt in private-sector hands is substantially smaller than that reported in the recent …

and debt in funding such assets. In contrast, the balance sheet management of financial intermediaries reveals that it is …

research questions survey respondents’ propensity and ability to report debt characteristics accurately. We compare household … debt as reported by borrowers to the SCF with household debt as reported by lenders to Equifax using the new FRBNY Consumer … Credit Panel (CCP). Moments of the borrower and lender debt distributions are compared by year, age of household head …