Unintended consequences of fiscal stimuli: tightening households’ credit constraints

Antunes, A. & Ercolani, V. (11 November 2020) Unintended consequences of fiscal stimuli: tightening households’ credit constraints. LSE Business Review.
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They may reinforce precautionary attitudes from the middle class and depress both credit and consumption, write Valerio Ercolani and António Antunes

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