House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again

By Atif R. Mian, Amir Sufi. 2015

311 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/e1c945a76fe9f293097f2c8a0bca3f816efdec06

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Citations in the corpus

Where Modern Macroeconomics Went Wrong (2017, unknown): “28 See, for example, Bernanke (2009), Demyanyk and Van Hemert (2009), Sowell (2009), and Mian and Sufi (2015).”
How Does Credit Supply Expansion Affect the Real Economy? The Productive Capacity and Household Demand Channels (2020, unknown): “The focus on household debt is motivated by the extensive body of research showing a robust correlation between a rise in household debt and subsequently lower growth (e.g., Glick and Lansing (2010), IMF (2012), King (1994), Mian and Sufi (2014a), Mian et al. (2017)).”
Does Infrastructure Investment Lead to Economic Growth or Economic Fragility? Evidence from China (2016, unknown): “Rapid debt accumulation is positively associated with financial crises (Primo Braga and Vincelette, 2010; Mian and Sufi, 2014).”
Rethinking financial contagion: Information transmission mechanism during the COVID-19 pandemic (2020, unknown): “Research shows that household credit booms take a prominent role in driving financial crises and recessions (Mian et al., 2017; Mian and Sufi, 2015).”
Housing Wealth Effects: The Long View (2018, methodology): “This is the source of variation emphasized by Mian and Sufi (2014) in their use of the Saiz (2010) instrument.”
The COVID‐19 Pandemic and Its Impact on the Global Economy: What Does It Take to Turn Crisis into Opportunity? (2020, unknown): “Under these circumstances, a sudden rise in risk premiums could precipitate a financial crisis, as has happened many times in the past (Mian and Sufi, 2014; Mian et al., 2015; Kose et al., 2020; Wolf, 2020).”
Policy Uncertainty in Japan (2017, unknown): “It was precipitated by a collapse in U.S. housing prices and mortgage-backed security values (Mian and Sufi, 2015).”
Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class (2016, unknown): “…translate into significant changes in the overall distribution of credit, given that it started from a low base (borrowers in low-income and 1 “The expansion of mortgage credit to marginal borrowers kicked off an explosion in household debt in the U.S. between 2000 and 2007” (Mian and Sufi 2014).”
Monetary Policy, the Financial Cycle and Ultralow Interest Rates (2016, methodology): “Some of those closest in spirit to the analysis performed here include, for instance, Reinhart and Rogoff (2009), Claessens et al (2009), Schularick and Taylor (2012), Mian and Sufi (2014), Mian et al (2016) and Jordà et al (2013)).”