Some International Evidence on Indebted Demand

Hashmat Khan () and Joshua Brault ()

No 21-10, Carleton Economic Papers from Carleton University, Department of Economics

Abstract: The theory of indebted demand proposed by Mian, Straub and Sufi (2021) has attracted significant attention, in part due to its unifying explanation of several prominent secular trends which have occurred since the 1980s, such as rising income inequality and debt levels, financial deregulation, and declining natural rates of interest.

Pages: 10 pages
Date: 2021-09-02
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Published: Carleton Economics Papers

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