Park, Donghyun; Shin, Kwanho; Tian, Shu - 2018
The rapid accumulation of private debt is widely viewed as a major risk to financial and economic stability. This paper … systematically and comprehensively assesses the effect of private debt buildup on economic growth. In the spirit of Mian, Sufi, and … Verner (2017) that separately examine the effects of two types of private debt, i.e., household debt and corporate debt, on …