Search Results

No results found.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:credit card puzzle 

Working Paper
How important is variability in consumer credit limits?

Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the United States. Using a large panel, this paper first demonstrates that individuals gain and lose access to credit frequently and often have their credit limits reduced unexpectedly. Credit limit volatility is larger than most estimates of income volatility and varies over the business cycle. While typical models of intertemporal consumption fix the credit limit, I introduce a model with variable credit limits. Variable credit limits create a reason for households to hold both high ...
Working Papers , Paper 14-8

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

D14 1 items

D91 1 items

E21 1 items

PREVIOUS / NEXT