Household Leverage and the Recession
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- Callum Jones, 2018. "Household Leverage and the Recession," 2018 Meeting Papers 933, Society for Economic Dynamics.
- Callum Jones & Virgiliu Midrigan & Thomas Philippon, 2011. "Household Leverage and the Recession," NBER Working Papers 16965, National Bureau of Economic Research, Inc.
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More about this item
Keywords
WP; interest rate; household debt; Great Recession; Regional Evidence; Zero Lower Bound; credit shock; equilibrium interest rate; implied rate; fed funds rate; nominal interest rate; home equity; marginal utility; min consumption ratio; household credit limit; consumption ratio; precautionary savings motive; market value; Employment; Credit; Consumption; Consumer credit;All these keywords.
JEL classification:
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
- E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
- G0 - Financial Economics - - General
- G01 - Financial Economics - - General - - - Financial Crises
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