We investigate the interplay between increasing inequality and consumer credit in a
complex macroeconomic system with financially fragile heterogeneous households, firms …

Our paper contributes to the literature on the causes of the 2007–2008 financial crisis in the
United States. By means of an agent-based model, we replicate an artificial credit-network …

One suggested hypothesis for the dramatic rise in household borrowing that preceded the
financial crisis is that low-income households increased their demand for credit to finance …

Using household-level debt data over 2000–2012 and local variation in inequality, we show
that low-income households in high-inequality regions (zip codes, counties, states) …

Recent literature presented arguments linking income inequality to the financial crash of
2007–2008. One proposed channel is expected to work through bank credit. I analyze the …

Purpose The impact of financial reforms and financial development on an economy has
received considerable attention over the recent past. This paper aims to investigate whether …

Recent debate has suggested that growing levels or high levels of inequality may be
systematically associated with the occurrence of banking crises. Using the updated version …

Using household-level debt data over 2000-2012 and local variation in inequality, we show
that low-income households in high-inequality regions (zip-codes, counties, states) …

The academic interest around the well-known inequality-finance nexus has recently been
the subject of a renewed attention. A recent, yet flourishing literature started pointing …

Over the past century there has been a dramatic increase on the effects of income inequality
and consumptions that has led to the increases in household debts. Therefore, this study …