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and household welfare. We estimate Euler equations and measure the volatility of unpredictable changes in consumption as …, and document that despite the increase in household debt between 1983 and 2007, there was no decline in the proportion of …
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paper estimates credit constraints and shows how these differ with household characteristics. It finds that around 31% of …
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We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …
Persistent link: https://www.econbiz.de/10011430780
We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …
Persistent link: https://www.econbiz.de/10011346295
We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …
Persistent link: https://www.econbiz.de/10011347156