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Household Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis
16 references·16 citing·40 second hopsampled
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References

  • 1997Credit Cycles5,254 cited
  • 2013The China Syndrome: Local Labor Market Effects of Import Competition in the United States4,451 cited
  • 1978Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence3,581 cited
  • 1933The Debt-Deflation Theory of Great Depressions2,516 cited
  • 2013Household Balance Sheets, Consumption, and the Economic Slump*1,543 cited
  • 2005Monetary Policy and Exchange Rate Volatility in a Small Open Economy1,453 cited
  • 2012Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach*1,407 cited
  • 2010Sudden Stops, Financial Crises, and Leverage1,065 cited
  • 2014What Explains the 2007-2009 Drop in Employment?1,064 cited
  • 2019Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold?*802 cited
  • 2017Household Debt and Business Cycles Worldwide*758 cited
  • 1993Consumption and real exchange rates in dynamic economies with non-traded goods750 cited
  • 2001A Theory of the Consumption Function, With and Without Liquidity Constraints580 cited
  • 2016Downward Nominal Wage Rigidity, Currency Pegs, and Involuntary Unemployment520 cited
  • 2017Interest Rate Pass-Through: Mortgage Rates, Household Consumption, and Voluntary Deleveraging

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505 cited
  • 2016A Theory of Macroprudential Policies in the Presence of Nominal Rigidities441 cited
  • Cited by

    • 2021Exchange Rate Exposure and Firm Dynamics93 cited
    • 2021Negative Home Equity and Household Labor Supply83 cited
    • 2019Macroeconomic Effects of Debt Relief: Consumer Bankruptcy Protections in the Great Recession66 cited
    • 2023Government Guarantees and Banks’ Income Smoothing66 cited
    • 2021Credit Allocation and Macroeconomic Fluctuations63 cited
    • 2020Household heterogeneity and the transmission of foreign shocks61 cited
    • 2022Financial Crisis, Creditor‐Debtor Conflict, and Populism57 cited
    • 2020The Capitalization of Consumer Financing into Durable Goods Prices43 cited
    • 2018The Capitalization of Consumer Financing into Durable Goods Prices40 cited
    • 2021Liquidity Risk and Long-Term Finance: Evidence from a Natural Experiment38 cited
    • 2016Exchange Rate Exposure and Firm Dynamics32 cited
    • 2024Arbitraging Covered Interest rate Parity Deviations and Bank Lending30 cited
    • 2022Estimating General Equilibrium Spillovers of Large-Scale Shocks28 cited
    • 2021Granular Corporate Hedging Under Dominant Currency26 cited
    • 2018Finance and Business Cycles: The Credit-Driven Household Demand Channel25 cited
    • 2018Finance and Business Cycles: The Credit-Driven Household Demand Channel23 cited