Debt and Economic Activity in the United States
Published Date
Copyright 1982
ISBN 0226263428
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Copy CitationBenjamin M. Friedman, The Changing Roles of Debt and Equity in Financing U.S. Capital Formation (University of Chicago Press, 1982), chap. 6, https://www.nber.org/books-and-chapters/changing-roles-debt-and-equity-financing-us-capital-formation/debt-and-economic-activity-united-states.
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Working Paper
This paper documents a long-standing stability in the relationship between outstanding debt and economic activity in...