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Evaluating default policy : the business cycle matters
Gordon, Grey - In: Quantitative economics : QE ; journal of the … 6 (2015) 3, pp. 795-823
Persistent link: https://www.econbiz.de/10011440717
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The democratization of credit and the rise in consumer bankruptcies
Livshits, Igor; MacGee, James; Tertilt, Michele - 2014
Financial innovations are a common explanation for the rise in credit card debt and bankruptcies. To evaluate this story, we develop a simple model that incorporates two key frictions: asymmetric information about borrowers' risk of default and a fixed cost of developing each contract lenders...
Persistent link: https://www.econbiz.de/10011490464
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Recent developments in consumer credit and default literature
Livshits, Igor - In: Journal of economic surveys 29 (2015) 4, pp. 594-613
Persistent link: https://www.econbiz.de/10011382564
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Optimal bankruptcy code : a fresh start for some
Gordon, Grey - In: Journal of economic dynamics & control 85 (2017), pp. 123-149
Persistent link: https://www.econbiz.de/10011919344
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Evaluating default policy : the business cycle matters
Gordon, Grey - In: Quantitative economics : QE ; journal of the … 6 (2015) 3, pp. 795-823
state-contingent policies. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 in particular generates a …
Persistent link: https://www.econbiz.de/10011757768
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The democratization of credit and the rise in consumer bankruptcies
Livshits, Igor; MacGee, James; Tertilt, Michele - In: The review of economic studies 83 (2016) 4, pp. 1673-1710
Persistent link: https://www.econbiz.de/10011656574
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Costly contracts and consumer credit
Livshits, Igor; MacGee, James; Tertilt, Michèle - 2011
Financial innovations are a common explanation of the rise in consumer credit and bankruptcies. To evaluate this story, we develop a simple model that incorporates two key frictions: asymmetric information about borrowers' risk of default and a fixed cost to create each contract offered by...
Persistent link: https://www.econbiz.de/10010291903
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Evaluating default policy: The business cycle matters
Gordon, Grey - In: Quantitative Economics 6 (2015) 3, pp. 795-823
state-contingent policies. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 in particular generates a …
Persistent link: https://www.econbiz.de/10011599691
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The Democratization of Credit and the Rise in Consumer Bankruptcies
Livshits, Igor; MacGee, James; Tertilt, Michèle - 2014
Financial innovations are a common explanation for the rise in credit card debt and bankruptcies. To evaluate this story, we develop a simple model that incorporates two key frictions: asymmetric information about borrowers' risk of default and a fixed cost of developing each contract lenders...
Persistent link: https://www.econbiz.de/10011441843
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Dealing with consumer default: bankruptcy vs. garnishment
Chatterjee, Satyajit; Gordon, Grey - Federal Reserve Bank of Philadelphia - 2011
What are the positive and normative implications of eliminating bankruptcy protection for indebted individuals? Without … bankruptcy protection, creditors can collect on defaulted debt to the extent permitted by wage garnishment laws. The elimination …
Persistent link: https://www.econbiz.de/10009279910