Credit and credit aggregates
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The reliance of Canadians on credit card debt as a predictor of financial stress
I analyze the relationship between carrying a credit card balance and future financial stress. I find that carrying a balance significantly increases the likelihood that credit card holders miss future debt payments. This likelihood tends to rise as credit card balances grow and are held for long periods. -
Extreme Weather and Low-Income Household Finance: Evidence from Payday Loans
This paper explores the impact of extreme weather exposures on the financial outcomes of low-income households. Our findings highlight the heightened financial vulnerability of low-income households to environmental shocks and underscore the need for targeted policies.