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What Drives Household Debt?

Author

Listed:
  • Juan M. Sanchez
  • Lijun Zhu

Abstract

Reduced credit creation, and not increased credit destruction, has been the key driver of the recent evolution of U.S. household debt.

Suggested Citation

  • Juan M. Sanchez & Lijun Zhu, 2015. "What Drives Household Debt?," Economic Synopses, Federal Reserve Bank of St. Louis, issue 22.
    • Handle: RePEc:fip:fedles:00049
    as

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    References listed on IDEAS

    as
    1. John Haltiwanger, 2012. "Job Creation and Firm Dynamics in the United States," Innovation Policy and the Economy, University of Chicago Press, vol. 12(1), pages 17-38.
    2. Josh Lerner & Scott Stern, 2012. "Innovation Policy and the Economy, Volume 12," NBER Books, National Bureau of Economic Research, Inc, number lern11-2, May.
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