What precipitates the credit-supply booms that make it easier for consumers, homeowners, and others to borrow—and, in some cases, drive up household debt to unsustainable levels? In the second part of a two-part series, Chicago Booth's Amir Sufi explains that inequality may be an important factor: as the wealthy look for productive uses for their increasingly large share of the pie, they turn to the financial sector, which uses those funds to issue loans. For an explanation of how credit-supply expansions may help fuel the boom-bust cycle that sometimes leads to economic catastrophe, see part one of this series.
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Research takes a broad view of what happened when Chicago tore down distressed public housing.
Line of Inquiry: Milena Almagro on Public Housing Demolition and Urban Inequality
A variety of data from the Great Recession shows a significant reduction in death rates, partly because of less air pollution.
The Upside of Recessions: Cleaner Air
The agency has signaled increased scrutiny of nonreportable mergers in healthcare.
Is the FTC Targeting ‘Stealth Consolidation’ by Private Equity?Your Privacy
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