|Kurt Mitman Kyle Herkenhoff Caterina Mendicino
In this session we explore recent developments in research on consumer credit and how it impacts the macro economy. The papers presented focus on unsecured consumer credit and bankruptcy, and study the welfare implications of consumer credit regulation in addition to the positive aspects on macro aggregates.
(Listed in order of speakers above)
Consumer Bankruptcy as Aggregate Demand Management
Who bears the welfare costs of monopoly? The case of the credit card industryRead paper
Tighter Credit and Consumer Bankruptcy InsuranceRead paper