Household Need for Liquidity and the Credit Card Debt Puzzle

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The Wealthy Hand-to-Mouth (2014, background): “19In the household finance literature, this observation is called the credit card puzzle (Telyukova 2013).”
Household Debt: Facts, Puzzles, Theories, and Policies (2015, background): “But Telyukova (2013) shows that nearly all simultaneous revolving of credit card debt and holdings of highly liquid assets can be rationalized by transaction frictions.36 Becker and Shabani (2010) consider a broader set of assets and liabilities, taking into account the proposition that the return…”
A Model of Money and Credit, with Application to the Credit Card Debt Puzzle (2007, unknown): “Optimization: In every period, for every agent, {Ws}, s = 1, 2, 3, solve the Bellman equations (1), (8) and (25); {xs, hs,ms+1, bs+1}, s = 1, 2, solve the relevant maximization problems; and {q, d} solve the bargaining problem.”
A Model of the Consumption Response to Fiscal Stimulus Payments (2011, unknown): “Telyukova (2011) documents the extent of this puzzle in the data and proposes a solution based on the the existence of certain “cash” good expenditures whose size is unpredictable.”