Rising Debt in the Private Sector: A Cause for Concern?

John Caskey and Steven Fazzari

Chapter 11 in Profits, Deficits and Instability, 1992, pp 202-218 from Palgrave Macmillan

Abstract: Abstract One of the most striking developments in the US economy over the past decade has been the growth of private sector debt. Highly publicised leveraged buy-outs and financial restructurings have saddled the corporate sector with levels of debt that are unprecedented in the post-war period. High consumer spending has fuelled the long expansion of the mid-1980s, but it has been financed with credit, putting the household sector deeply in debt.

Keywords: Monetary Policy; Cash Flow; Federal Reserve; Aggregate Demand; Financial Distress (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-11786-4_11

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