Studies in this week’s Hutchins Roundup find that debt forgiveness policies mitigated some of the effects of the Great Recession, automation contributes to productivity less than it did in the past, and more.
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High levels of household debt played an important role in the Great Recession, implying that debt forgiveness policies might have been beneficial. Adrien Auclert of Stanford University, Paul Goldsmith-Pinkham of Yale University, and Will S. Dobbie of Princeton University use the large variation in state bankruptcy laws […]
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