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The Household Finance and Consumption Survey (HFCS) provides valuable information for the monetary policy and financial …
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During the period leading up to the recession of 2007-08, there was a large increase in household debt relative to …. It is sometimes claimed that these three developments were closely linked. In these stories, the rise in household debt … ask if this story is consistent with the empirical evidence. In particular, I ask five questions: How much household …
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