A Simple Model of Subprime Borrowers and Credit Growth

Alejandro Justiniano, Giorgio E. Primiceri, and Andrea Tambalotti
Staff Reports, Number 766, February 2016

Author Disclosure Statement

Alejandro Justiniano

The author declares that he has no relevant or material financial interests that relate to the research described in this paper.

The data used in this research come from a proprietary panel of Equifax consumer credit records. The use of the dataset, known as the FRBNY Consumer Credit Panel, requires that the data vendor review the results of the study prior to their public dissemination to ensure that the confidentiality of the data is not unintentionally compromised.

Giorgio E. Primiceri

I am a consultant for the Federal Reserve Bank of Chicago and a research visitor at the European Central Bank.

The data used in this research come from a proprietary panel of Equifax consumer credit records. The use of the dataset, known as the FRBNY Consumer Credit Panel, requires that the data vendor review the results of the study prior to their public dissemination to ensure that the confidentiality of the data is not unintentionally compromised.

Andrea Tambalotti

The author declares that he has no relevant or material financial interests that relate to the research described in this paper.

The data used in this research come from a proprietary panel of Equifax consumer credit records. The use of the dataset, known as the FRBNY Consumer Credit Panel, requires that the data vendor review the results of the study prior to their public dissemination to ensure that the confidentiality of the data is not unintentionally compromised.