This study analyzes the effect of individual finances (specifically creditworthiness and severely delinquent debt) on … is utilized in an instrumental variables design. The possibility of the reverse causality of bad health causing debt and … 2005 residence. Worsening creditworthiness and increases in severely delinquent debt are found to lead to increases in …

In this paper we empirically explore the relationship between debt and output in a panel of 72 countries over the … predicted by a standard small open economy model by Aguiar and Gopinath (2007), where debt and output endogenously respond to … total factor productivity (TFP) shocks. First, developing countries' debt falls after a positive output shock, while the …

Inside Debt and Economic Growth: A Cambridge - Kaleckian Analysis Abstract Inside debt is a fundamental feature of … capitalist economies. This paper examines the growth effects of consumer and corporate debt using a Cambridge - Kaleckian growth … framework. According to the Cambridge - Kaleckian model inside debt has an ambiguous effect on growth. This is counter to the …

decay stages resolved into debt deflation after 2008, and are now settling into a leaden debt peonage and the austerity of …. -- Debt Deflation ; Neofeudalism ; Economic Rent ; Finance Capitalism ; Classical Political Economy ; Pension Fund Capitalism …