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Is household debt inhibiting the recovery?

Author

Listed:
  • David E. Altig
  • Susan M. Byrne
  • Katherine A. Samolyk

Abstract

An examination of the pattern of household debt and asset levels in a historical context, whose results cast doubt on the presumption that heavy consumer debt loads incurred during the 1980s are the cause of the economy's current sluggishness.

Suggested Citation

  • David E. Altig & Susan M. Byrne & Katherine A. Samolyk, 1992. "Is household debt inhibiting the recovery?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Feb.
    • Handle: RePEc:fip:fedcec:y:1992:i:feb1
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    Cited by:

    1. Roy H. Webb, 1993. "Personal saving behavior and real economic activity," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 68-94.

    More about this item

    Keywords

    Consumption (Economics);

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