This paper studies the secular increase in U.S. household debt and its relation to growing income inequality and … financial fragility. We exploit a new household-level dataset that covers the joint distributions of debt, income, and wealth in … increase in U.S. household debt between the 1970s and 2007. The resulting debt increase made balance sheets more sensitive to …

We have investigated the influence of fiscal instruments, notably taxes on income and government spending, on household … consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … government spending or reduced taxes, in the presence of high indebtedness, actually discourage household consumption compared to …

We examine the dynamic impact of household borrowing on the trade balance using data from 33 developing countries and … 36 developed countries over the 1980-2017 period. Our findings suggest that the impact of household borrowing on the … trade balance is by and large negative, both in the short and long run. We show that household borrowing’s adverse effects …

to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and …

This paper implements recent bootstrap panel cointegration techniques and Seemingly Unrelated regression (SUR) methods … October 2008, and from January 1996 to December 2007, our investigation shows that there is evidence for cointegration of oil … stock prices, except in Saudi Arabia. -- GCC stock markets ; oil prices ; panel cointegration analysis …

, Smeekes, and Urbain (2010) and cointegration techniques by Westerlund (2007), we find that UIP holds for short-term maturities …, when market-specific heterogeneity is controlled for. Furthermore, the estimation results show that the speed of adjustment … cointegration …

and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence …