Tag Archives: Olivier Coibion

Credit Supply in the Great Recession

1. Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data by Olivier Coibion, Marianna Kudlyak, Yuriy Gorodnichenko, John Mondragon One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low-income households increased their demand … Continue reading

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Innocent Bystanders? Monetary Policy and Inequality in the U.S.

Here’s a paper from some of my favorite macroeconomists on the link between  inequality and monetary policy. ABSTRACT: We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary … Continue reading

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