Journal Article

Why Credit Cards Played a Surprisingly Big Role in the Great Recession

Abstract: Lukasz Drozd examines the links between zero-APR credit card offers and the Great Recession’s persistent declines in employment and output.

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Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Economic Insights

Publication Date: 2021-07-06

Volume: 6

Issue: 2

Pages: 7-17