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
May 20, 2010