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District Households Buck the Trend to Pay Down Debt

Author

Listed:
  • Jiang, Helu

    (Federal Reserve Bank of St. Louis)

  • Sanchez, Juan M.

    () (Federal Reserve Bank of St. Louis)

Abstract

While at a national level households have decreased their debt substantially since the financial crisis, in the St. Louis Fed’s District household debt has remained constant. The evolution of house prices may be the key.

Suggested Citation

  • Jiang, Helu & Sanchez, Juan M., 2016. "District Households Buck the Trend to Pay Down Debt," The Regional Economist, Federal Reserve Bank of St. Louis, issue July.
  • Handle: RePEc:fip:fedlre:00122
    as

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    File URL: https://www.stlouisfed.org/~/media/Publications/Regional%20Economist/2016/July/RE_July16_district_web.pdf
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    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2014. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises," Annals of Economics and Finance, Society for AEF, vol. 15(2), pages 1065-1188, November.
    2. Peter C.B. Phillips & Shu-Ping Shi & Jun Yu, 2011. "Testing for Multiple Bubbles," Working Papers 09-2011, Singapore Management University, School of Economics.
    3. Carmen M. Reinhart & Kenneth S. Rogoff, 2014. "Recovery from Financial Crises: Evidence from 100 Episodes," American Economic Review, American Economic Association, vol. 104(5), pages 50-55, May.
    4. Morris A. Davis & Andreas Lehnert & Robert F. Martin, 2008. "The Rent-Price Ratio For The Aggregate Stock Of Owner-Occupied Housing," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 54(2), pages 279-284, June.
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