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Why Credit Cards Played a Surprisingly Big Role in the Great Recession

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  • Lukasz A. Drozd

Abstract

Lukasz Drozd examines the links between zero-APR credit card offers and the Great Recession’s persistent declines in employment and output.

Suggested Citation

  • Lukasz A. Drozd, 2021. "Why Credit Cards Played a Surprisingly Big Role in the Great Recession," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 6(2), pages 7-17, July.
    • Handle: RePEc:fip:fedpei:92846
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    References listed on IDEAS

    as
    1. Patrick Bayer & Kerwin Kofi Charles, 2018. "Divergent Paths: A New Perspective on Earnings Differences Between Black and White Men Since 1940," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(3), pages 1459-1501.
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