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Indebted Demand

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by Atif Mian, Ludwig Straub and Amir Sufi
This paper explains the concomitant rise in debt and fall in interest rates by the liberalisation of the financial sector and income inequality.

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Indebted Demand

by Atif Mian, Ludwig Straub and Amir SufiThis paper explains the concomitant rise in debt and fall in interest rates by the liberalisation of