Tax & Macroeconomics Credit & Debt
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Topic Credit & Debt

Credit and debt play a critical role in U.S. economic fluctuations, and changes in inequality drive changes in both the demand and supply of credit in the economy. Equitable Growth examines the role of credit and debt in the economy and seeks to understand these intersections and understand how best to ensure that the financial sector serves the public interest.

Featured work

working paper

A Goldilocks Theory of Fiscal Deficits

By Atif Mian, Ludwig Straub, Amir Sufi,

June 30, 2022

June 30, 2022

Atif Mian, Ludwig Straub, Amir Sufi,
Tax & Macroeconomics
TOPICS: 3
Credit & Debt, Fiscal Policy, Monetary Policy
TOPICS: Credit & Debt, Fiscal Policy, Monetary Policy
post

Uncertainty about the size of annual tax refunds hinders the effectiveness of tax-based U.S. redistribution

By Sydnee Caldwell, Scott Nelson, Daniel Waldinger,

April 8, 2021

April 8, 2021

Sydnee Caldwell, Scott Nelson, Daniel Waldinger,
Tax & MacroeconomicsInequality & Mobility
TOPICS: 3
Credit & Debt, Income & Earnings Volatility, Individual Taxation
TOPICS: Credit & Debt, Income & Earnings Volatility, Individual Taxation
Vision 2020

The logistics of a reparations program in the United States

By Dania Francis,

February 18, 2020

February 18, 2020

Dania Francis,
Tax & MacroeconomicsInequality & MobilityFamilies
TOPICS: 9
Credit & Debt, Economic Inequality, Economic Mobility, Economic Wellbeing, Economics of Place, Gender, Poverty, Race & Ethnicity, Taxes, Inequality & Growth
TOPICS: Credit & Debt, Economic Inequality, Economic Mobility, Economic Wellbeing, Economics of Place, Gender, Poverty, Race & Ethnicity, Taxes, Inequality & Growth
post

Encouraging banks to serve the credit needs of everyone

By Claudia Sahm,

February 3, 2020

February 3, 2020

Claudia Sahm,
Tax & MacroeconomicsInequality & Mobility
TOPICS: 5
Credit & Debt, Economics of Place, Monetary Policy, Poverty, Race & Ethnicity
TOPICS: Credit & Debt, Economics of Place, Monetary Policy, Poverty, Race & Ethnicity
Vision 2020

Promote economic and racial justice: Eliminate student loan debt and establish a right to higher education across the United States

By Darrick Hamilton, Naomi Zewde,

February 18, 2020

February 18, 2020

Darrick Hamilton, Naomi Zewde,
Inequality & MobilityFamiliesLabor
TOPICS: 10
Economic Inequality, Economic Mobility, Economic Wellbeing, Economics of Place, Gender, Job Mobility, Post-secondary Education, Poverty, Race & Ethnicity, Wage Stagnation
TOPICS: Economic Inequality, Economic Mobility, Economic Wellbeing, Economics of Place, Gender, Job Mobility, Post-secondary Education, Poverty, Race & Ethnicity, Wage Stagnation
post

Issue Brief: Household insecurity matters for U.S. macroeconomic stability

By Nisha Chikhale,

May 16, 2018

May 16, 2018

Nisha Chikhale,
Tax & MacroeconomicsInequality & MobilityFamilies
TOPICS: 3
Credit & Debt, Economic Inequality, Economic Wellbeing
TOPICS: Credit & Debt, Economic Inequality, Economic Wellbeing

Explore Content in Credit & Debt155

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post

Home is where the government subsidy is

By Nick Bunker,

May 16, 2017

May 16, 2017

Nick Bunker,
Tax & MacroeconomicsFamilies
TOPICS: 4
Credit & Debt, Economic Wellbeing, Individual Taxation, Taxes, Inequality & Growth
TOPICS: Credit & Debt, Economic Wellbeing, Individual Taxation, Taxes, Inequality & Growth
post

How the opening to China may have partially fueled the U.S. housing bubble

By Nick Bunker,

May 11, 2017

May 11, 2017

Nick Bunker,
Tax & MacroeconomicsFamilies
TOPICS: 2
Credit & Debt, Economic Wellbeing
TOPICS: Credit & Debt, Economic Wellbeing
working paper

Bad credit, no problem? Credit and labor market consequences of bad credit reports

By Will Dobbie, Paul Goldsmith-Pinkham, Neale Mahoney, Jae Song,

May 9, 2017

May 9, 2017

Will Dobbie, Paul Goldsmith-Pinkham, Neale Mahoney, Jae Song,
Tax & Macroeconomics
TOPICS: 1
Credit & Debt
TOPICS: Credit & Debt
post

Should policymakers worry about the level of debt or the pace of credit growth?

By Nick Bunker,

May 1, 2017

May 1, 2017

Nick Bunker,
Tax & Macroeconomics
TOPICS: 1
Credit & Debt
TOPICS: Credit & Debt
post

The student loan crisis is fueled by a weak labor market

By Kavya Vaghul,

April 26, 2017

April 26, 2017

Kavya Vaghul,
Tax & MacroeconomicsInequality & MobilityFamiliesLabor
TOPICS: 4
Credit & Debt, Economic Mobility, Income & Earnings Volatility, Post-secondary Education
TOPICS: Credit & Debt, Economic Mobility, Income & Earnings Volatility, Post-secondary Education
post

What kind of fiscal policy works best at the zero lower bound?

By Nick Bunker,

March 23, 2017

March 23, 2017

Nick Bunker,
Tax & Macroeconomics
TOPICS: 2
Credit & Debt, Fiscal Policy
TOPICS: Credit & Debt, Fiscal Policy
working paper

The impact of consumer credit access on employment, earnings and entrepreneurship

By Kyle Herkenhoff, Gordon Phillips, Ethan Cohen-Cole,

February 28, 2017

February 28, 2017

Kyle Herkenhoff, Gordon Phillips, Ethan Cohen-Cole,
Tax & Macroeconomics
TOPICS: 1
Credit & Debt
TOPICS: Credit & Debt
post

The U.S. minimum wage improves access to traditional lines of credit

By John Schmitt,

February 22, 2017

February 22, 2017

John Schmitt,
Tax & MacroeconomicsLabor
TOPICS: 2
Credit & Debt, Minimum Wage
TOPICS: Credit & Debt, Minimum Wage
working paper

Lost in fiscal space: Some simple analytics of macroeconomic policy in the spirit of Tinbergen, Wicksell and Lerner

By J.W. Mason, Arjun Jayadev,

November 1, 2016

November 1, 2016

J.W. Mason, Arjun Jayadev,
Tax & Macroeconomics
TOPICS: 1
Credit & Debt
TOPICS: Credit & Debt
post

What new administrative data reveals about access to consumer credit and the U.S. economy

By Kyle Herkenhoff, Gordon Phillips,

October 31, 2016

October 31, 2016

Kyle Herkenhoff, Gordon Phillips,
Tax & MacroeconomicsLabor
TOPICS: 2
Credit & Debt, Unemployment Insurance
TOPICS: Credit & Debt, Unemployment Insurance
post

Delivering equitable growth: strategies for the next Administration

By Equitable Growth,

October 31, 2016

October 31, 2016

Equitable Growth,
Tax & MacroeconomicsFamiliesCompetitionInequality & MobilityLabor
TOPICS: 13
Business Taxation, Childcare & Early Education, Credit & Debt, Economic Inequality, Economic Wellbeing, Economics of Place, Income & Earnings Volatility, Individual Taxation, Job Mobility, Minimum Wage, Monetary Policy, Taxes, Inequality & Growth, Unemployment Insurance
TOPICS: Business Taxation, Childcare & Early Education, Credit & Debt, Economic Inequality, Economic Wellbeing, Economics of Place, Income & Earnings Volatility, Individual Taxation, Job Mobility, Minimum Wage, Monetary Policy, Taxes, Inequality & Growth, Unemployment Insurance
post

Shared responsibility mortgages

By Amir Sufi, Atif Mian,

October 31, 2016

October 31, 2016

Amir Sufi, Atif Mian,
Tax & MacroeconomicsFamilies
TOPICS: 2
Credit & Debt, Economic Wellbeing
TOPICS: Credit & Debt, Economic Wellbeing
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