Rising household debt: Its causes and macroeconomic implications--a long-period analysis

By Aldo Barba, Massimo Pivetti. 2008

592 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/8ac1de3ced6da8993ec75d94fac1450531368aef

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Citations in the corpus

Financialization and the global economy (2010, background): “From a Political Economy point of view increasing household debt is the result of increasing consumption norms in the face of stagnating mass incomes (Barba and Pivetti 2009, Cynamon and Fazzari 2009).”
Wage stagnation, rising inequality and the financial crisis of 2008. (2013, background): “Barba and Pivetti (2008) have briefly addressed a VeblenDuesenberry dynamic underlying increasing indebtedness prior to the Crisis of 2008.”
Conspicuous Consumption, Inequality and Debt: The Nature of Consumption‐driven Profit‐led Regimes (2015, unknown): “As another contributing factor Barba and Pivetti (2009), referring to Duesenberry (1962[1949]), mention the availability of new attractive goods.”
Wage-led growth: Concept, theories and policies (2012, background): “Besides contributing to the rise in income inequality, as managers and employees of the finance sector rip off bonuses of all sorts, financial deregulation has given rise to speculative episodes and, over long periods, to increasing debt levels for financial institutions and households, making up fo”
Income inequality as a cause of the Great Recession?: A survey of current debates (2012, background): “Palley, 2002, 2012; Dutt, 2006; Barba and Pivetti, 2009). By contrast, Rajan (2010) highlights developments on the supply side (together with higher permament income dispersion). Similarly, Kumhof and Rancière (2010) emphasise the notion that agents derive direct utility from the social status confe”
Rising inequality as a cause of the present crisis (2015, background): “For the USA, Cynamon and Fazzari (2013) have made the most detailed empirical case for what we have called channel 3 in the USA; Barba and Pivetti (2009) make the general case for debt growth instead of wage growth. Whilst there is long-standing critical post-Keynesian discussion of international mo”
Inequality, the Great Recession, and Slow Recovery (2014, unknown): “In any case, there is no evidence of a decline in the consumption-income ratio, a fact that presents a paradox from the point of view of many theories of consumption and income distribution as discussed in other research (Brown, 2004; Boushey and Weller, 2008; Barba and Pivetti, 2009; Onaran et al.,”
Increasing inequality, consumer credit and financial fragility in an agent based macroeconomic model (2016, background): “Barba and Pivetti (2009) identify similar trends when analyzing the evolution of household debt in the US.”