Indebted Demand
收藏NBER2020-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26940
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资源简介：
We propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation that borrowers and savers differ in their marginal
提供机构：
美国国家经济研究局
创建时间：
2020-04-01
