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Consumer Credit and the American Economy: An Overview

40 Pages Posted: 9 Sep 2015  

Thomas A. Durkin

Board of Governors of the Federal Reserve System

Gregory Elliehausen

Federal Reserve Board

Todd J. Zywicki

George Mason University - Antonin Scalia Law School, Faculty; PERC - Property and Environment Research Center

Date Written: September 9, 2015

Abstract

This article provides an introduction to a law review symposium by the Journal of Law, Economics, and Policy on our book (co-authored with Michael E. Staten), Consumer Credit and the American Economy (Oxford 2014). The conference, held November 2014, collects several articles responding to and building on the research agenda laid out by our book. For those who have not read the book, this article is intended to summarize several of the main themes of the book, including discussion of economic models of consumer credit usage, trends in consumer credit usage over time, the use of high-cost credit, and behavioral economics.

Keywords: consumer credit, credit cards, payday loans, behavioral economics, law and economics

JEL Classification: D11, D12, D14, D18, D28

Suggested Citation

Durkin, Thomas A. and Elliehausen, Gregory and Zywicki, Todd J., Consumer Credit and the American Economy: An Overview (September 9, 2015). Journal of Law, Economics and Policy, Forthcoming; George Mason Legal Studies Research Paper No. LS 15-18; George Mason Law & Economics Research Paper No. 15-34. Available at SSRN: https://ssrn.com/abstract=2658338

Thomas A. Durkin

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Gregory Elliehausen

Federal Reserve Board ( email )

20th and C Streets, NW
Washington, DC 20551
United States
202-452-2326 (Phone)

Todd J. Zywicki (Contact Author)

George Mason University - Antonin Scalia Law School, Faculty ( email )

3301 Fairfax Drive
Arlington, VA 22201
United States
703-993-8091 (Phone)
703-993-8088 (Fax)

PERC - Property and Environment Research Center

2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

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