Brown, Sarah; Taylor, Karl; Garino, Gaia; Price, … - Department of Economics, Leicester University - 2003
In this paper we show that optimistic financial expectations impact positively on both the uantity of debt and the … growth in debt, at the individual and household levels. Our heoretical model shows that this association is predicted under a … variety of plausible cenarios. In the empirical analysis we explore the determinants of debt and of growth in ebt using …