5/20 Lunch: Karen Dynan of the Brookings Institution

Household Leveraging and Deleveraging
Presentation: Household Leveraging and Deleveraging

Dr. Dynan will explore the causes and consequences of the substantial increase in household indebtedness that occurred over the several decades preceding the financial crisis. She will then turn to the deleveraging in the household sector that appears to be underway right now. She will consider three key questions: (1) how the deleveraging is occurring, (2) whether the deleveraging is a good or bad thing for the economy, and (3) how much more deleveraging we might expect to see.