Household Leverage and the Recession of 2007–09

By Atif R. Mian, Amir Sufi. 2010

339 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/72bc082235263a89d59c37d7dee6142aab1ab058

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Citations in the corpus

The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles (2017, positive): “…column of Table 7 shows that changes in house prices are positively correlated with auto sales, and in Table 10, we investigate in greater detail how local home prices and household leverage might have shaped auto sales during this period (Mian and Sufi (2010, 2011) and Mian, Rao and Sufi (2013)).”
The Effects of Fiscal Stimulus: Evidence from the 2009 ‘Cash for Clunkers’ Program (2012, positive): “The measures of balance sheet strength follow from Mian and Sufi (2010) who show that household defaults, credit card utilization, and house price declines are strongly correlated with auto purchase patterns.”
The Long Slump (2011, positive): “Mian and Sufi (2010) demonstrate large differences among states in the U.S. in durables purchases negatively correlated with indebtedness.”
Debt and the Consumption Response to Household Income Shocks (2015, background): “Glaeser, Gyourko, and Saiz (2008) as well as Mian and Sufi (2010), demonstrate the power of this instrument in both driving changes in housing prices and coincident changes in household leverage levels.”
Asymmetric Consumption Effects of Transitory Income Shocks* (2019, neutral): “5 Parker et al. (2013) and Sahm, Shapiro and Slemrod (2010) try to tease out the “size effect” by looking at rebates relative to income. Here, we ask different questions for one-month and three-month income changes. 6 Parker et al. (2013) highlight the importance of distinguishing between non-durabl”
Do Banks Pass Through Credit Expansions to Consumers Who Want to Borrow (2015, neutral): “6See, for example, Eggertsson and Krugman (2012), Guerrieri and Lorenzoni (2011), Hall (2011), Korinek and Simsek (2016) Mian, Rao and Sufi (2013), Mian and Sufi (2010, 2012), and Philippon and Midrigan (2011).”
Inequality, the Great Recession, and Slow Recovery (2014, positive): “Mian and Sufi (2010a) find that households in zip code areas that suffered relative income declines had the largest increase in mortgage originations.”