Household Leverage and the Recession /
We evaluate and partially challenge the 'household leverage' view of the Great Recession. In the data, employment and consumption declined more in states where household debt declined more. We study a model where liquidity constraints amplify the response of consumption and employment to c...
| 主要作者: | |
|---|---|
| 其他作者: | , |
| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2018.
|
| 丛编: | IMF Working Papers; Working Paper ;
No. 2018/194 |
| 在线阅读: | Full text available on IMF |