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wp2015-47
Debt Overhang and Deleveraging in the US Household Sector: Gauging the Impact on Consumption
Albuquerque, Bruno ; Krustev, Georgi
Using a novel dataset for the US states, this paper examines whether household debt and the protracted debt deleveraging help explain the dismal performance of US consump[...]
2015 | Text | Staff Working Paper - Document de travail du personnel |
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