Browsing by Subject "household debt"

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    • Household Debt and the Effects of Fiscal Policy 
      Zubairy, Sarah; Alpanda, Sami; Song, Hyunji (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2021-11-02)
      This paper examines how the effects of government spending shocks depend on the balance-sheet position of households. Employing U.S. household survey data, the authors find that in response to a positive government spending ...
    • Household Debt Overhang and Transmission of Monetary Policy 
      Zubairy, Sarah; Alpanda, Sami (Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library, 2018-08-27)
      Monetary policy was used during the Great Recession to stimulate the U.S. economy, but were its effects dependent on prevailing levels of high household debt? In working paper 1806, PERC Professor Sarah Zubairy and coauthor ...