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

Using administrative credit report records and data collected through several special household surveys we analyze … changes in household debt and savings during the 2007 recession. We find that while different segments of the population were … higher saving rate appears to reflect a considerable decline in household debt, with households paying down mortgage debt in …

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 …

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 …

We estimate a structural model of household liquidity management in the presence of long-term mortgages. Households … accounts for the run-up in household debt and consumption boom prior to the financial crisis, their subsequent collapse, and …

macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth …

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 …

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 …