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 …

because it ignores public good and the allocation of time to market work, leisure and household production. We develop a money … metric measure of welfare that accounts for public goods (by using personalized prices) household production and for the …

analyses of imperfect credit focus on producers, we emphasize consumers. Household debt limits are determined by the cost …

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 …

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

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 …

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 …