Household Leverage and the Recession

Thomas Philippon (tphilipp@stern.nyu.edu) and Virgiliu Midrigan

No 261, 2011 Meeting Papers from Society for Economic Dynamics

Abstract: We study a model where households use home equity to finance consumption expenditures and we analyze the macroeconomic consequences of a credit crunch triggered by tightening lending standards.

Date: 2011
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Related works:
Working Paper: Household Leverage and the Recession (2016)
Working Paper: Household Leverage and the Recession (2013)
Working Paper: Household Leverage and the Recession (2011)
Working Paper: Household Leverage and the Recession (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed011:261

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