High‐Cost Credit and Consumption Smoothing. This paper ended up being previously circulated as “For Better and for even worse? Ramifications of Usage Of High‐Cost Credit Rating.”

High‐Cost Credit and Consumption Smoothing. This paper ended up being previously circulated as “For Better and for even worse? Ramifications of Usage Of High‐Cost Credit Rating.” We thank the editor, Robert DeYoung, an referee that is anonymous Todd Gormley, Mark Jenkins, Paul Landefeld, Donald Morgan, Nick Roussanov, Luke Taylor, and Jeremy Tobacman for helpful responses, …

High‐Cost Credit and Consumption Smoothing. This paper ended up being previously circulated as “For Better and for even worse? Ramifications of Usage Of High‐Cost Credit Rating.” לקריאה »