Conference Materials

"Tipping Points" Executive Summary — Ray Boshara

Opening — Setting the Stage 

  • Ray Boshara, Senior Adviser and Director, Center for Household Financial Stability, Federal Reserve Bank of St. Louis

  • Sherle R. Schwenninger, Private Debt Project and World Economic Roundtable

Session 1 — Mapping Household Debt: The Demographics of Borrowing 

Paper Presenters:

Discussant:

  • Diana Elliott, Urban Institute

Session 2 — Tipping Points and Different Types of Debt? 

Paper Presenters:

  • Daniel Alpert, Westwood Capital and Century Foundation, and Robert Hockett, Cornell Law School and the Century Foundation, 
  • Paper: “The Debt Goes On: A Post-Crisis 'Progress Report” (PDF)

  • Neil Bhutta, Board of Governors of the Federal Reserve System, and Benjamin J. Keys, The University of Chicago Harris School of Public Policy, 
  • Paper: “Interest Rates and Equity Extraction During the Housing Boom.” (PDF)

  • Zachary Bleemer, University of California at Berkeley, and Meta Brown, Donghoon Lee, and Wilbert van der Klaauw, Federal Reserve Bank of New York, 
  • Paper: “The Roles of Repayment Troubles and Growing Balances in Student Borrowers’ Transition to Homeownership.” (Paper coming soon)

Session 3 — Household Balance Sheets: Debt, Income, and Wealth 

Paper Presenters:

Discussant:

  • Steve Blitz, M Science

Closing Session — Toward a Theory of Tipping Points 

  • Ray Boshara, Federal Reserve Bank of St. Louis

  • William Emmons, Federal Reserve Bank of St. Louis

  • Sherle R. Schwenninger, Private Debt Project and World Economic Roundtable

Public Event

“America’s Debt Problem: How Too Much Debt Is Hurting U.S. Households and Holding Back The U.S. Economy”

Note: Authors have adapted papers with feedback received during the Tipping Points conference in June, 2016. Papers posted here reflect updated versions, not the original papers.

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