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May 17, 2017
Theodore Cangero

Delinquency Rates Rise For Student Loans, Credit Cards, and Auto Loans

A new report on debt and credit shows that in the first quarter of 2017, household debt just surpassed the previous peak of $12.7 trillion, seen during the Great Recession. Rising debt levels may become a problem. From the first quarter of 2009 to mid-2013, consumers paid down debt. Since mid-2013, households have taken on […]

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Nicolas Cachanosky

Two Tales of Unintended Consequences of Monetary Policy – Tale 1

Even when a policy is successful in achieving its desired ends, we have to consider its unintended and unforeseen consequences, resulting from cumulative market adjustments to policy changes that make it hard to judge the overall outcome of a policy in our complex economy. The Federal Reserve and European Central Bank’s monetary policy responses to […]

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