Journal Article

Is household debt inhibiting the recovery?

Abstract: An examination of the pattern of household debt and asset levels in a historical context, whose results cast doubt on the presumption that heavy consumer debt loads incurred during the 1980s are the cause of the economy's current sluggishness.

Keywords: Consumption (Economics);

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1992

Issue: Feb

Order Number: 1