New Economic Bulletin is out looking at trends in consumer debt. Real consumer debt is now higher than its prior peak during the global financial crisis, driven in part by increases in credit card debt.
Although the share of credit card debt transitioning into delinquency has risen, it remains below levels seen during the global financial crisis. Moreover, debt-to-income measures remain historically low, suggesting that consumers in aggregate may have more room to run up debt.
This year I am serving as program chair and president-elect of the Southern Regional Science Association. Tomorrow is the deadline to submit papers to the annual meetings that will be held April 4-6 in the Crystal Gateway Marriott in Arlington, VA.
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This helps explain why the sector was able to produce more with less rigs over time. The increase in productivity has been driven by improved below ground efficiency. Read here for more background: https://t.co/kYoSkihXEB
I won’t be at the conference this year, but last year I participated in this match-up. I encourage everyone to do it as it helps younger scholars build networks.
Sign up for the AERE Grad Student Engagement Committee's Coffee Match-up program!
We match grad students at the #AERE2023 Summer Conference with non-student attendees in pairs or trios for a friendly, informal chat over a meal or coffee.
Sign up here: https://t.co/R6pQ08jpPy
Sign up for the AERE Grad Student Engagement Committee's Coffee Match-up program!
We match grad students at the #AERE2023 Summer Conference with non-student attendees in pairs or trios for a friendly, informal chat over a meal or coffee.
Sign up here: https://t.co/R6pQ08jpPy