The Interplay Between Student Loans and Credit Card Debt: Implications for Default in the Great Recession FRB (2014-02-24)
We analyze the interactions between two different forms of unsecured credit and their implications for default behavior of young U.S. households. One type of credit mimics credit cards in the United States and the default option r .. more |
Stabilization policy, rational expectations and price-level versus inflation targeting: a survey CEPR (2014-02-24)
We survey recent literature comparing inflation targeting (IT) and price-level targeting (PT) as macroeconomic stabilization policies. Our focus is on New Keynesian models and areas which have seen significant developments since A .. more |
Rising Inequality in Asia and Policy Implications ADBI (2014-02-24)
This paper looks at the recent trends of rising inequality in developing Asia, asks why inequality matters, examines the driving forces of rising inequality, and proposes policy options for tackling high and rising inequality. Tec .. more |