In a speech before the National Economics Club, Karen Dynan analyzes the state of household leveraging and deleveraging.
She looks at what explains the pre-crisis uptrend in debt, how the deleveraging is occurring, whether it is a good or bad thing for households and the economy, and finally, how much more deleveraging we should expect in the future.
Commentary
Household Leveraging and Deleveraging
Karen Dynan
Karen Dynan
Professor of the Practice of Economics
- Harvard University,
Nonresident Senior Fellow
- Peterson Institute for International Economics
May 20, 2010