facilitate risk-sharing within rural communities. We find no impact of the program on risk-sharing, measured as a reduction in … the variance of consumption growth, in the aggregate. However, the program significantly improves risk-sharing in regions …

consumption between 2006 and 2009. Using household-level data, we show that in addition to a direct effect of changes in house …

Matched transaction-level, credit-registry, and survey-based data reveal that consumers on average form excessively … expectations. Extrapolative income expectations help explain state-dependent household debt cycles qualitatively and quantitatively …

official inflation are strongly correlated with borrowing costs and consumer credit supply. Concerns over borrowing costs …

examine the extent to which autopay affects payment behavior for customers of a credit card serviced by a fintech company … that seemingly minor technological defaults can have economically large effects on consumer credit outcomes …

we review shows household characteristics and the ways in which households collect and process economic information help …

market power, or credit risk. Variation in credit risk does materially affect monetary policy transmission to corporate bonds …

During the Great Recession, regions of the United States that experienced the largest declines in household debt also … for firms that were facing the worst credit conditions. Motivated by these findings, we develop a search and matching … model with credit frictions that affect both consumers and firms. In the model, tighter debt constraints raise the cost of …