This study focuses on the financialization of the U.S. household sector, featuring enhanced access to credit and ease … household income shows that the continued decline in household saving in the 1990s was broadly based and included middle …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …

faced by consumers. We use the structure of an economy with collateralized household debt and housing markets to develop and …

transmission. We trace the impact of shifts in non-price household credit conditions through joint estimation of a system of error … for income and household portfolios, easier credit conditions raise house prices, debt and consumption. However, unlike in …