Tag Archives: Credit

Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession

From Sumit Agarwal, Souphala Chomsisengphet, Neale Mahoney, and Johannes Stroebel: The effect of bank-mediated stimulus on household borrowing depends on whether banks pass through credit expansions to households with a high marginal propensity to borrow (MPB). We use panel data on … Continue reading

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Debt Relief and Debtor Outcomes: Measuring the Effects of Consumer Bankruptcy Protection

From Will Dobbie and Jae Song: Consumer bankruptcy is one of the largest social insurance programs in the United States, but little is known about its impact on debtors. We use 500,000 bankruptcy filings matched to administrative tax and foreclosure … Continue reading

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Will Housing Save the U.S. Economy? by Amir Sufi

Sufi has a short paper on this issue that is worth reading. My bottom line is that we need to temper our optimism on what  a housing recovery can do for the U.S. economy. I agree that house prices will continue … Continue reading

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Jeremy Stein on & Financial Stability & Why We See Credit Booms

Here’s a link. HT:@profsufi

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Overheating in Credit Markets: Origins, Measurement, and Policy Responses

A new speech from Jeremy Stein.

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