Remarks at the National Association for Business Economics Annual Meeting, New York City.

Remarks at the National Association for Business Economics Annual Meeting, New York City.

Remarks at the Quarterly Regional Economic Press Briefing, New York City.

Remarks at the Washington and Lee University H. Parker Willis Lecture in Political Economics, Lexington, Virginia.

Remarks at the Washington and Lee University H. Parker Willis Lecture in Political Economics, Lexington, Virginia.

Remarks at the Quarterly Regional Economic Press Briefing, New York City.

We study how consumers allocate debt across credit cards they already hold using new data on credit card activity for a representative sample of consumers with two homogeneous cards in Mexico. We find that relative prices are a very weak predictor of the allocation of debt, purchases, and...