"Collateral damaged" explains how America had turned from a nation of savers into a nation of consumers addicted to debt. Wall Street then used that addiction to create "toxic securities" that threaten to bring about the collapse of the global economy. How can America get its fiscal house in...

In response to growing interest in household finance, this collection of essays with a foreword by John Y. Campbell, studies household and consumer use of credit instruments. It shows how individual consumers and households utilize various credit alternatives in managing their consumption and...

This PhD dissertation consists of three self-contained chapters in the field of macroeconomics. The first two chapters rely a large scanner data set from the United States. The data set contains detailed pricing and sales information from retail stores as well as comprehensive information on...