leverage, the optimum and excessive risk and the probability of a debt crisis. The theoretically founded early warning signals … crisis ; optimal leverage and debt ratios ; Congressional Oversight Panel ; Case-Shiller index …

-inconsistent preferences. In our model, hyperbolic discounting couples engage in household production activities, thereby accumulating family … standard models of household behavior. Examples include: marriage contracts that serve as barriers to hasty divorces (e …

Rising government debt levels around the world are raising the specter that authorities might seek to inflate away the … debt. In theoretical settings where fiscal policy "dominates"monetary policy, higher debt without offsetting changes in … primary surpluses should lead households to anticipate this higher inflation. Are household inflation expectations sensitive …

This paper studies the distribution of U.S. household income and wealth over the past seven decades. We introduce a … newly compiled household-level dataset based on archival data from historical waves of the Survey of Consumer Finances (SCF … between the 25th and 75th percentile of the distribution. The household data also reveal that the paths of income and wealth …

. Information treatments about current and next year's interest rates have a strong effect on household expectations but treatments …

-based inflation expectations measures increase. Changes in household survey expectations or in measures of inflation uncertainty do …

to a 0.44 percent decline in stock prices. Second, results point to the "irrelevance" of debt in mediating the effect of … the role of debt for oil firms. …