Household Debt and the Effect of Fiscal Policy
Abstract
Since the Great Recession, policymakers have increasingly relied on fiscal policy to stabilize and stimulate the economy. This Winter 2022 issue of PERCspectives on Research summarizes a paper by PERC’s Shirley A. Lynch Fellow Sarah Zubairy, along with co-authors Sami Alpanda and Hyunji Song, that investigates how the effects of government spending policy shocks depend on the balance sheet position of households by examining spending by householdsthat rent, hold a mortgage, or own their homes.
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Citation
Zubairy, Sarah; Alpanda, Sami; Song, Hyunji (2022). Household Debt and the Effect of Fiscal Policy. Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library. Available electronically from https : / /hdl .handle .net /1969 .1 /199317.