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Inequality, leverage and crises

Kumhof, Michael; Rancière, Romain - 2011

Persistent link: https://www.econbiz.de/10008859118

Income inequality and current account imbalances

Kumhof, Michael; Lebarz, Claire; Rancière, Romain; … - 2012

Persistent link: https://www.econbiz.de/10009424696

Inequality, leverage, and crises

Kumhof, Michael; Rancière, Romain; Winant, Pablo - In: The American economic review 105 (2015) 3, pp. 1217-1245

Persistent link: https://www.econbiz.de/10010519860

Leveraging inequality

Kumhof, Michael; Rancière, Romain - In: Towards a sustainable recovery : the case of wage-led …, (pp. 189-195). 2011

Persistent link: https://www.econbiz.de/10009419198

Inequality, leverage and crises : the case of endogenous default

Kumhof, Michael; Rancière, Romain; Winant, Pablo - 2013

The paper studies how high household leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of high-income households, a large increase in debt leverage of the...