CVAP and Quantitative network is happy to announce that Andreas Wiedemann, MIT, will give a talk called “Borrowed Dreams: How Household Debt Drives the Knowledge Economy.”

During the last couple of decades, many rich economies experienced a dramatic rise in household debt. Global financial cycles in capital flows helped to make credit to households more easily available and contributed to strong credit growth in many economies. Rising levels of household debt have important socio-economic consequences and have been identified as a crucial factor for understanding financial crises, especially the Great Recession. Andreas presents research which adds to the macro-level study of household debt a micro-level dimension and analyzes the socio-economic causes and consequences of household indebtedness in Denmark.

The presentation will take place from 12.30 to 13.30 and in 8.1.13.

If you want to attend please send an e-mail to mvl@ifs.ku.dk.