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Lecture 12 Supplement

Lecture 12 Supplement - New Haven Yale University Press...

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Fall 2011 Christina Romer University of California, Berkeley David Romer ECONOMICS 210C / ECONOMICS 236A MACROECONOMIC HISTORY SUPPLEMENTAL READINGS NOVEMBER 16 – DELEVERAGING AND BALANCE SHEET EFFECTS Guerrieri, Veronica, and Guido Lorenzoni. 2011. "Credit Crisis, Precautionary Savings and the Liquidity Trap." Unpublished paper, M.I.T. (October). Goldberg, Jonathan. 2011. “A Model of Deleveraging.” Unpublished paper, M.I.T. (January). Fisher, Irving. 1933. “The Debt-Deflation Theory of Great Depressions.” Econometrica 1 (October): 337-357. Minsky, Hyman. 1986. Stabilizing an Unstable Economy
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Unformatted text preview: . New Haven: Yale University Press. Mian, Atif, and Amir Sufi. 2011. “What Explains High Unemployment? The Deleveraging-Aggregate Demand Hypothesis.” Unpublished paper, University of California, Berkeley, October. Mian, Atif, and Amir Sufi. 2011. “House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis.” American Economic Review 101 (August): 2132-2156. Mian, Atif, and Amir Sufi. 2009. “The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis.” Quarterly Journal of Economics 124 (November): 1449-1496....
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