The Marginal Propensity to Consume Over the Business Cycle
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This paper estimates how the marginal propensity to consume (MPC) varies over the business cycle by exploiting exogenous variation in credit card borrowing limits. Ten years after an individual declares Chapter 7 bankruptcy, the record of the bankruptcy is removed from her credit report, generating
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美国国家经济研究局创建时间：
2016-08-01
