Household Debt Overhang and Transmission of Monetary Policy
Loading...
Date
2018-10-09
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Private Enterprise Research Center, Texas A&M University
Abstract
During past recessions like the Great Recession, policy makers sought to boost the economy through fiscal and monetary policy changes. Taking into account the economy’s slow recovery, how effective were the monetary policy changes? This article summarizes working paper 1806, where PERC professor Sarah Zubairy and coauthor Sami Alpanda investigate whether the prevailing level of household debt can lower the effectiveness of the transmission of monetary policy.
Description
HealthCare
Keywords
Household Debt, monetary policy, home equity loans, HealthCare