Household Leverage and the Recession
收藏NBER2011-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16965
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资源简介：
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 changes in
提供机构：
美国国家经济研究局
创建时间：
2011-04-01
