New research indicates that targeted household debt relief helps the economy recover. Defaulting on loans creates a negative domino effect on the economy, but during the 2008 recession, household debt relief was vital in stabilizing housing prices and employment. The 2020 pandemic has had a devastating effect on the economy, but targeted debt relief could help get the economy back on track.

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Additional resources:

Read "Government and Private Household Debt Relief during COVID-19," by Amit Seru, Susan Cherry, Erica Xuewei Jiang, Gregor Matvos, and Tomasz Piskorski. Available here: [ Ссылка ]

Read "On Target: Debt forbearance policies help curb pandemic financial woes," by Amit Seru. Available here: [ Ссылка ].

Read “If You Want a Quick Recovery, Forgive Debts,” by Tomasz Piskorski and Amit Seru. Available here: [ Ссылка ].

Watch as Amit Seru talks about government and household private debt relief during the pandemic. Available here: [ Ссылка ].

Watch as Amit Seru provides an overview of the financial regulations and challenges facing the banking sector. Available here: [ Ссылка ].

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