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This paper examines the relationship between aggregate consumer spending and credit availability in the United States. The author finds that consumer spending falls (rises) in response to a reduction (increase) in credit availability. Moreover, she provides a formal assessment of the possibility...
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The flood of foreclosures on residential mortgages in the past several years has had a significant impact on household …'s household after their mortgage has been foreclosed. In this paper, we study the post-foreclosure experience of U.S. households … effect of foreclosure on household size and migration patterns, including the distance that a household typically moves and …
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