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This paper proposes and tests a theory of credit-driven asset bubbles which are neutral in their real effects. When a …
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There is a large amount of intermediated borrowing and lending between households. Some of it is intergenerational, but most is between older households. The average difference in borrowing and lending rates is over 2 percent. In this paper, we develop a model economy that displays these facts...
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We document cross-individual variation in U.S. credit card borrowing costs (APRs) that is large enough to explain … explain APR differences comparable to moving someone from the worst credit score decile to the best …
Persistent link: https://www.econbiz.de/10013081502
We document cross-individual variation in U.S. credit card borrowing costs (APRs) that is large enough to explain … explain APR differences comparable to moving someone from the worst credit score decile to the best …
Persistent link: https://www.econbiz.de/10013081938