expectations. Extrapolative income expectations help explain state-dependent household debt cycles qualitatively and quantitatively …

previous economic downturns in other countries, the Brazilian recession was preceded by a substantial increase in household … debt from 2003 to 2014. This study utilizes a novel individual level data set on household borrowing in order to provide … details of the household debt boom. The data set allows for a decomposition of the rise in household debt by the type of debt …

across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …

We follow a representative panel of US borrowers to study the suspension of household debt payments (debt forbearance …. This large amount of debt relief significantly dampened the household debt distress, which can help explain household …

.S. household leverage from 2002 to 2006 and the increase in defaults from 2006 to 2008. Employing land topology-based housing …

Market innovations following the financial reforms of the early 1980s relaxed collateral constraints on household … collateral constraints can explain a large fraction of the actual volatility decline in hours worked, output, household debt, and … household durable goods purchases …

household net worth coming from elevated household debt and the collapse in house prices play an underappreciated role. Using … highlight the increasing body of macroeconomic evidence on the link between household debt and business cycles. Our main … conclusion is that housing and household debt should play a larger role in models exploring the importance of household …

This paper reviews the literature on international comparative household finance. The paper presents summary statistics … on household balance sheets for 13 developed countries, and uses these statistics to discuss common features and …