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 & Debt157

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Coronavirus Recession

To prevent a long-term recession, make the U.S. government the payor of last resort now

By Emmanuel Saez, Gabriel Zucman,

March 27, 2020

March 27, 2020

Emmanuel Saez, Gabriel Zucman,
Tax & MacroeconomicsInequality & MobilityLabor
TOPICS: 4
Credit & Debt, Economic Inequality, Paid Leave, Unemployment Insurance
TOPICS: Credit & Debt, Economic Inequality, Paid Leave, Unemployment Insurance
Coronavirus Recession

Economic experts propose policy responses to coronavirus recession

By Equitable Growth,

March 24, 2020

March 24, 2020

Equitable Growth,
LaborTax & MacroeconomicsFamilies
TOPICS: 9
Bargaining Power, Credit & Debt, Economic Wellbeing, Fiscal Policy, Minimum Wage, Monetary Policy, Paid Leave, Unemployment Insurance, Wage Stagnation
TOPICS: Bargaining Power, Credit & Debt, Economic Wellbeing, Fiscal Policy, Minimum Wage, Monetary Policy, Paid Leave, Unemployment Insurance, Wage Stagnation
Coronavirus Recession

Creative economic solutions could help us avoid the next Great Depression

By Scott Shane, Susan Helper, David Clingingsmith,

March 21, 2020

March 21, 2020

Scott Shane, Susan Helper, David Clingingsmith,
Tax & MacroeconomicsInequality & MobilityLabor
TOPICS: 7
Business Taxation, Credit & Debt, Economic Inequality, Income & Earnings Volatility, Job Mobility, Unemployment Insurance, Wage Stagnation
TOPICS: Business Taxation, Credit & Debt, Economic Inequality, Income & Earnings Volatility, Job Mobility, Unemployment Insurance, Wage Stagnation
Coronavirus Recession

In joint letter, Equitable Growth asks Congress to ‘stanch economic bleeding’ in COVID-19 legislative package

By Equitable Growth,

March 19, 2020

March 19, 2020

Equitable Growth,
Tax & MacroeconomicsFamiliesInequality & MobilityLabor
TOPICS: 7
Credit & Debt, Economic Wellbeing, Economics of Place, Income & Earnings Volatility, Monetary Policy, Paid Leave, Unemployment Insurance
TOPICS: Credit & Debt, Economic Wellbeing, Economics of Place, Income & Earnings Volatility, Monetary Policy, Paid Leave, Unemployment Insurance
Coronavirus Recession

U.S. economic policymakers need to fight the coronavirus now

By Claudia Sahm,

March 4, 2020

March 4, 2020

Claudia Sahm,
Tax & MacroeconomicsFamilies
TOPICS: 5
Credit & Debt, Economic Wellbeing, Fiscal Policy, Health, Monetary Policy
TOPICS: Credit & Debt, Economic Wellbeing, Fiscal Policy, Health, Monetary Policy
post

The never-ending cycle: Incarceration, credit scores, and wealth accumulation in the United States

By William Darity Jr., Sarah Elizabeth Gaither, Monica Garcia-Perez,

March 4, 2020

March 4, 2020

William Darity Jr., Sarah Elizabeth Gaither, Monica Garcia-Perez,
Tax & MacroeconomicsInequality & MobilityFamilies
TOPICS: 5
Credit & Debt, Economic Inequality, Economic Wellbeing, Economics of Place, Race & Ethnicity
TOPICS: Credit & Debt, Economic Inequality, Economic Wellbeing, Economics of Place, Race & Ethnicity
working paper

Baltimore Study: Credit Scores

By Monica Garcia-Perez, Sarah Elizabeth Gaither, William Darity Jr.,

March 4, 2020

March 4, 2020

Monica Garcia-Perez, Sarah Elizabeth Gaither, William Darity Jr.,
Tax & MacroeconomicsInequality & Mobility
TOPICS: 4
Credit & Debt, Economic Mobility, Poverty, Race & Ethnicity
TOPICS: Credit & Debt, Economic Mobility, Poverty, Race & Ethnicity
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
working paper

Targeted Debt Relief and the Origins of Financial Distress: Experimental Evidence from Distressed Credit Card Borrowers

By Will Dobbie, Jae Song,

December 4, 2019

December 4, 2019

Will Dobbie, Jae Song,
Tax & MacroeconomicsFamiliesInequality & Mobility
TOPICS: 3
Credit & Debt, Economic Wellbeing, Income & Earnings Volatility
TOPICS: Credit & Debt, Economic Wellbeing, Income & Earnings Volatility
In Conversation

In Conversation with Fabian Pfeffer

By Liz Hipple,

November 13, 2019

November 13, 2019

Liz Hipple,
Tax & MacroeconomicsInequality & Mobility
TOPICS: 3
Credit & Debt, Economic Inequality, Economic Mobility
TOPICS: Credit & Debt, Economic Inequality, Economic Mobility
post

Public Policy Implications of the Millennial Wealth Gap

By Liz Hipple,

October 24, 2019

October 24, 2019

Liz Hipple,
Tax & MacroeconomicsInequality & Mobility
TOPICS: 2
Credit & Debt, Economic Mobility
TOPICS: Credit & Debt, Economic Mobility
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