The Role of Collateralized Household Debt in Macroeconomic Stabilization
收藏NBER2005-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11330
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Market innovations following the financial reforms of the early 1980s relaxed collateral constraints on household borrowing. The present paper examines the contribution of this development to the macroeconomic stabilization that occurred shortly thereafter. The model combines collateral constraints
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美国国家经济研究局创建时间：
2005-05-01
