Tag Archives: Souphala Chomsisengphet

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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Regulating Consumer Financial Products: Evidence from Credit Cards

The NYTimes has an interesting story on this paper from Sumit Agarwal, Souphala Chomsisengphet, Neale Mahoney, and Johannes Stroebel: We analyze the effectiveness of consumer financial regulation by considering the 2009 Credit Card Accountability Responsibility and Disclosure (CARD) Act in … Continue reading

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