Rising Debt in the Private Sector: A Cause for Concern?

  • John Caskey
  • Steven Fazzari
Chapter

Abstract

One of the most striking developments in the US economy over the past decade has been the growth of private sector debt. Highly publicised leveraged buy-outs and financial restructurings have saddled the corporate sector with levels of debt that are unprecedented in the post-war period. High consumer spending has fuelled the long expansion of the mid-1980s, but it has been financed with credit, putting the household sector deeply in debt.

Keywords

Monetary Policy Cash Flow Federal Reserve Aggregate Demand Financial Distress 
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Copyright information

© Dimitri B. Papadimitriou 1992

Authors and Affiliations

  • John Caskey
  • Steven Fazzari

There are no affiliations available

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