between household debt levels, financial stability risks, and the ongoing implications of the ‘debt overhang’ for economic … growth. However, accurately measuring the household debt burden remains problematic. Aggregate measures of household … indebtedness (e.?g. household liabilities relative to income) fail to fully capture the debt servicing burdens of households …

(ZLB) on the nominal interest rate. Fiscal stabilization via higher government debt is frequently recommended as a policy … with a debtfinanced fiscal expansion and show that even in a low real interest rate environment, higher debt doesn …’t necessarily raise the real interest rate. The effect of the expansion is non-monotonic: Increasing debt raises the natural real …

This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. In a … back their consumption after feedback. However, at the end of the experiment they remain with higher debt levels, which …

This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. We …. Overconfident participants scale back their consumption after income feedback. However, they remain in higher debt at the end of the … prices of goods. Even though the expected income manipulation works less well in this experiment, debt-taking behavior is …

the politically charged claims being that the high interest rates on payday loans trap consumers in a “cycle of debt.” We … on payday loans are not the cause of a “cycle of debt.” …

overindebtedness along a single dimension: debt, or its kissing cousin, wealth. This essay examines the limitation of this analytical … approach and argues that unmanageable debt may harm families' well-being in ways that cannot be captured by financial measures … not register as measurable harms using traditional metric of dollars of debt to assess harm. Drawing on the poverty …

Despite the prevalence of debt collection and the intense regulatory activity surrounding this industry, little is … known about how these practices impact consumers. This paper conducts an empirical analysis of the effect of debt collection …

nominal interest rates. The longer the average maturity structure of the public debt, the more severe is the constraint. …

nominal interest rates. The longer the average maturity structure of the public debt, the more severe is the constraint …. -- long debt ; optimal monetary policy ; expectations stabilization ; transmission of monetary policy ; expectations …

scale and composition of the public debt, matter for inflation. As a result, fiscal policy constrains the efficacy of … monetary policy. Heavily indebted economies with debt maturity structures observed in many countries require aggressive … moderate had fiscal policy been characterized by a scale and composition of public debt now witnessed in some advanced …