Tipping Points II:Understanding the Impact of Household Debt on Growth
New York, New York
The Private Debt Project and the Center for Household Financial Stability are proud to present the second of our "Tipping Points" conferences. While the first, June 2016, Tipping Points conference focused on the microeconomic and demographic aspects of American household debt, the 2017 conferences examines the macroeconomic questions surrounding household indebtness. Both conferences ask at what the "tipping point" is when debt goes from an engine of growth to a drag on it.
I. Executive Summary
Ray Boshara, Federal Reserve of St. Louis
II. "Household Debt at the Tipping Point: When and Why Does Household Borrowing Hurt the Economy?"
William Evans and Lowell R. Ricketts, The Federal Reserve of St. Louis
III. "The Great American Debt Boom "1949-2013"
Moritz Schularick, Mortiz Khun, Ulrike I. Steins, The University of Bonn
IV. "The Real Effects of Household Debt in the Short and Long Run"
Marco Jacopo Lombardi, The Bank of International Settlements
V. "How Do Credit Supply Shocks Affect the Real Economy? Evidence from the United States in the 1980s"
Atif Mian, Princeton Univerity
VI. Keynote Speaker Address: "The Evolving U.S. Economy and Household Debt"
Karen Dynan, Peterson Institute for International Economics
VII. "Income Distribution, Household Debt, and Aggregate Demand: A Critical Assessment"
VIII. "Reversing the Tipping Point"
An excerpt from The Next Economic Disaster: Why It's Coming and How to Avoid It.
A World Economic Roundtable report on private debt and the American middle class.
How institutional design and austerity is destroying the European economy