How Severe Was the Credit Cycle in the New York-Northern New Jersey Region?
Jaison Abel and
Richard Deitz
No 20130116, Liberty Street Economics from Federal Reserve Bank of New York
Abstract:
U.S. households accumulated record-high levels of debt in the 2000s, and then began a process of deleveraging following the Great Recession and financial crisis. In some parts of the country, the rise and fall in household indebtedness was quite a bit sharper than in others. In this post, we highlight some of our research examining the magnitude of the recent credit cycle, and focus on how significant it?s been in New York State and northern New Jersey. Compared with the nation as a whole, we find that the region experienced a relatively mild credit cycle, although pockets of elevated household financial stress exist.
Keywords: Household Debt; Housing; Mortgage; Credit Cycle (search for similar items in EconPapers)
JEL-codes: D1 R1 R3 (search for similar items in EconPapers)
Date: 2013-01-16
New Economics Papers: this item is included in nep-ure
References: Add references at CitEc
Citations:
Downloads: (external link)
https://libertystreeteconomics.newyorkfed.org/2013 ... w-jersey-region.html (text/html)
Related works:
Journal Article: How severe was the credit cycle in the New York-northern New Jersey region? (2012) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:fip:fednls:86853
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in Liberty Street Economics from Federal Reserve Bank of New York Contact information at EDIRC.
Bibliographic data for series maintained by Gabriella Bucciarelli ().