Villains or Scapegoats? The Role of Subprime Borrowers in Driving the U.S. Housing Boom

James Conklin¹, W. Scott Frame², Kristopher Gerardi², Haoyang Liu³

¹University of Georgia; ²Federal Reserve Bank of Atlanta, United States of America; ³Federal Reserve Bank of New York, United States of America

Discussant: Gonzalo Maturana (Emory University)

How Do Consumers Fare When Dealing with Debt Collectors? Evidence from Out-of-Court Settlements

Ing-Haw Cheng¹, Felipe Severino¹, Richard Townsend²

¹Dartmouth College, United States of America; ²University of California San Diego

Discussant: Nathaniel Pattison (Southern Methodist University)

Macroprudential Policy and Household Leverage: Micro-Evidence

Rustom Irani¹, Sjoerd van Bekkum², Marc Gabarro³, Jose-Luis Peydro⁴

¹University of Illinois at Urbana-Champaign, United States of America; CEPR; ²Erasmus School of Economics; ³University of Mannheim; ⁴ICREA-Universitat Pompeu Fabra; CREI; Barcelona GSE; Imperial College London; CEPR

Discussant: Anthony Alden DeFusco (Northwestern University)

Shale Shocked: The Long Run Effect of Income on Household Debt

J. Anthony Cookson³, Erik Gilje², Rawley Heimer¹

¹Boston College; ²Wharton; ³University of Colorado at Boulder

Discussant: Matthew Plosser (Federal Reserve Bank of New York)