Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the … volatility and varies over the business cycle. While typical models of intertemporal consumption fix the credit limit, I … the United States hold both debt and liquid savings at the same time. The approach also offers an important new channel …

an innovative approach to identifying households likely in need of credit to investigate the effect on household spending … renters more than homeowners, with the strongest effects for households that likely need credit - those experiencing a …