Business, Management and Accounting
4 years ago

Household debts set to explode without balanced budgets, study warns

MPRA Paper
A simple theory of exploding household debts
Minseong Kim

Paper Summary

Households with existing debt should not always aim for a balanced budget to avoid increasing their debt. This theory is based on the idea that a strict balanced budget can lead to exploding household debts. The analysis assumes there is no government intervention.

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