When Does It Make Sense for Households to Borrow?

Ngina Chiteji and Lowell Ricketts

Open Vault from Federal Reserve Bank of St. Louis

Abstract: Keeping consumption stable across time and buying 'indivisible' goods like houses are two common rationales economic theory offers for household borrowing.

Date: 2024-01-24
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00100:102718

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