Abstract
Papers from the second joint Private Debt Project-Center for Household Financial Stability, St. Louis Federal Reserve Bank conference on household indebtedness and its consequences.
Special Conference:
Tipping Points II:Understanding the Impact of Household Debt on Growth
June, 2017
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
Download PDF
Ray Boshara, Federal Reserve of St. Louis
II. “Household Debt at the Tipping Point: When and Why Does Household Borrowing Hurt the Economy?”
Download PDF
William Evans and Lowell R. Ricketts, The Federal Reserve of St. Louis
III. “The Great American Debt Boom “1949-2013”
Download PDF
Moritz Schularick, Mortiz Khun, Ulrike I. Steins, The University of Bonn
IV. “The Real Effects of Household Debt in the Short and Long Run”
Download PDF
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”
Download PDF
Atif Mian, Princeton Univerity
VI. Keynote Speaker Address: “The Evolving U.S. Economy and Household Debt”
Download Remarks
Download Presentation
Karen Dynan, Peterson Institute for International Economics
VII. “Income Distribution, Household Debt, and Aggregate Demand: A Critical Assessment”
Download PDF
J.W. Mason, The John Jay College of Criminal Justice
VIII. “Reversing the Tipping Point”
Download PDF
Barry Cynamon, Center for Household Financial Stability, Federal Reserve Bank of St. Louis