The rapid accumulation of private debt is widely viewed as a major risk to financial and economic stability. This paper … systematically and comprehensively assesses the effect of private debt buildup on economic growth. In the spirit of Mian, Sufi, and … Verner (2017) that separately examine the effects of two types of private debt, i.e., household debt and corporate debt, on …

This study analyzes the effect of individual finances (specifically creditworthiness and severely delinquent debt) on … is utilized in an instrumental variables design. The possibility of the reverse causality of bad health causing debt and … 2005 residence. Worsening creditworthiness and increases in severely delinquent debt are found to lead to increases in …

With public debt soaring across the world, a growing concern is whether current debt levels are a harbinger of fiscal … true cost of debt may be overstated if interest rates remain low. To shed light into this debate, this paper re …-examines the importance of public debt as a leading indicator of fiscal crises using machine learning techniques to account for …

We use information from the last wave of the Spanish Survey of Households Finance to study the influence of debt on the … smaller MPC than non-indebted households. This negative association increases along with the amount of debt. We also find a …

This paper seeks to determine the effects that natural disasters have on per capita GDP and on the debt to GDP ratio in … and floods have a negative effect on growth, and that debt increases with floods but not with storms. However, in a … subsample I find that storms significantly increase debt in the short and long run. I also find weak evidence that debt relief …

This paper re-examines the stock-flow discrepancies of government debt and deficits and correlation with fiscal …