standard and international trade. The estimation results allow us to formulate some interesting policy conclusions. …

Over the past few decades, financial markets became increasingly deregulated and household debt expanded, sometimes …

Since the 1980s, household debt has been increasing rapidly. The high level of household indebtedness has been … accompanied by a high household bankruptcy rate. My research attempts to provide a better understanding of the theoretical … individuals. Estimation of the change in labor supply as a consequence of the bankruptcy treatment must therefore take into …

the increase in consumer and other lending. These developments were compatible with a further reduction in household bank …

further reduction in household bank debt (to 59% of GDP, down 26 percentage points (pp) from its peak in 2010). At the same …

consumer credit. However, given the more pronounced contraction in household income, their aggregate debt/gross disposable …

single point in time. The estimation ischallenging, since the exact evaluation of the likelihood function iscomputationally …