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US household deleveraging following the Great Recession : a model-based estimate of equilibrium debt
Albuquerque, Bruno; Baumann, Ursel; Krustev, Georgi - In: Essays in empirical macroeconomics: zooming on …, (pp. 1-40). 2017
Persistent link: https://www.econbiz.de/10012267622
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Comparing the recent financial crisis in the United States and the euro area with the experience of Japan in the 1990s
Dées, Stéphane; Krustev, Georgi; Lodge, David; … - In: Essays in empirical macroeconomics: zooming on …, (pp. 116-146). 2017
Persistent link: https://www.econbiz.de/10012267646
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Debt overhang and deleveraging in the US household sector : gauging the impact on consumption
Albuquerque, Bruno; Krustev, Georgi - In: Essays in empirical macroeconomics: zooming on …, (pp. 41-74). 2017
Using a novel dataset for the US states, this paper examines whether household debt and the protracted debt deleveraging help explain the dismal performance of US consumption since 2007, in the aftermath of the housing bubble. By separating the concepts of deleveraging and debt overhang - a flow...
Persistent link: https://www.econbiz.de/10012267628
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The natural rate of interest and the financial cycle
Krustev, Georgi - In: Essays in empirical macroeconomics: zooming on …, (pp. 75-115). 2017
estimation of the natural rates of interest, unemployment and output, and the sustainable growth rate of the US economy. By …
Persistent link: https://www.econbiz.de/10012267632