IDEAS home Printed from https://ideas.repec.org/a/fip/fedles/00049.html
   My bibliography  Save this article

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

    Download full text from publisher

    File URL: https://research.stlouisfed.org/publications/economic-synopses/2015-09-08/what-drives-household-debt.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    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, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cristina Fernández & Roberta García & Paloma Lopez-Garcia & Benedicta Marzinotto & Roberta Serafini & Juuso Vanhala & Ladislav Wintr, 2017. "Firm growth in Europe: An overview based on the COMPNET labour module," BCL working papers 107, Central Bank of Luxembourg.
    2. Pierre Lortie, 2019. "Nurturing Global Growth Companies: Time For A New Policy Toolkit," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 12(27), September.
    3. Michael Anyadike-Danes & Carl-Magnus Bjuggren & Sandra Gottschalk & Werner Hölzl & Dan Johansson & Mika Maliranta & Anja Myrann, 2015. "An international cohort comparison of size effects on job growth," Small Business Economics, Springer, vol. 44(4), pages 821-844, April.
    4. Ufuk Akcigit & John Grigsby & Tom Nicholas, 2017. "The Rise of American Ingenuity: Innovation and Inventors of the Golden Age," NBER Working Papers 23047, National Bureau of Economic Research, Inc.
    5. Masuch, Klaus & Anderton, Robert & Setzer, Ralph & Benalal, Nicholai, 2018. "Structural policies in the euro area," Occasional Paper Series 210, European Central Bank.
    6. Brad J. Hershbein & Bryan A. Stuart, 2020. "Recessions and Local Labor Market Hysteresis," Upjohn Working Papers 20-325, W.E. Upjohn Institute for Employment Research.
    7. Erling Barth & James Davis & Richard B. Freeman & Sari Pekkala Kerr, 2016. "Weathering the Great Recession: Variation in Employment Responses by Establishments and Countries," NBER Working Papers 22432, National Bureau of Economic Research, Inc.
    8. Cumming, Fergus, 2022. "Mortgage cash-flows and employment," European Economic Review, Elsevier, vol. 144(C).
    9. Mehrotra, Neil & Sergeyev, Dmitriy, 2021. "Financial shocks, firm credit and the Great Recession," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 296-315.
    10. Haltiwanger, John, 2018. "Older and slower: The startup deficit's lasting effects on aggregate productivity growth by Titan Alon, David Berger, Robert Dent and Benjamin Pugsley," Journal of Monetary Economics, Elsevier, vol. 93(C), pages 86-88.
    11. Ursel Baumann & Melina Vasardani, 2016. "The slowdown in US productivity growth - what explains it and will it persist?," Working Papers 215, Bank of Greece.
    12. Andrew A. Toole & Dirk Czarnitzki & Christian Rammer, 2015. "University research alliances, absorptive capacity, and the contribution of startups to employment growth," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 24(5), pages 532-549, July.
    13. Folorunsho M. Ajide & Olasupo I. Bankefa & Rufus A. Ajisafe, 2018. "Criminal Activities and Firms’ Market Power: Evidence from Nigerian Banking Industry," Global Business Review, International Management Institute, vol. 19(5), pages 1207-1223, October.
    14. Jose Asturias & Sewon Hur & Timothy J. Kehoe & Kim J. Ruhl, 2023. "Firm Entry and Exit and Aggregate Growth," American Economic Journal: Macroeconomics, American Economic Association, vol. 15(1), pages 48-105, January.
    15. Stefan Schneck, 2020. "Times are a Changin’? The Emergence of New Firms and Rank Reshuffling," Journal of Industry, Competition and Trade, Springer, vol. 20(1), pages 1-33, March.
    16. Michael Anyadike-Danes & Carl-Magnus Bjuggren & Sandra Gottschalk & Werner Hölzl & Dan Johansson & Mika Maliranta & Anja Myrann, 2013. "Accounting for Job Growth: Disentangling Size and Age Effects in an International Cohort Comparison," Research Papers 0002, Enterprise Research Centre.
    17. De-Chih Liu, 2023. "Unemployment persistence with an evolutionary perspective: job creation or destruction (or both)?," Evolutionary and Institutional Economics Review, Springer, vol. 20(1), pages 83-109, April.
    18. Rebecca M. Blank, 2016. "What Drives American Competitiveness?," The ANNALS of the American Academy of Political and Social Science, , vol. 663(1), pages 8-30, January.
    19. Joshua Bernstein & Alexander W. Richter & Nathaniel A. Throckmorton, 2020. "Entry and Exit, Unemployment, and the Business Cycle," Working Papers 2018, Federal Reserve Bank of Dallas, revised 12 Jan 2021.
    20. Daan Freeman & Leon Bettendorf & Harro van Heuvelen & Gerdien Meijerink, 2021. "The contribution of business dynamics to productivity growth in the Netherlands," CPB Discussion Paper 427, CPB Netherlands Bureau for Economic Policy Analysis.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedles:00049. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Oates (email available below). General contact details of provider: https://edirc.repec.org/data/frbslus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.