Second, household over-indebtedness in the US, as well as the fall in demand, is localized, as my colleague Amir Sufi and his co-author, Atif Mian, have shown.
Deuxièmement, le surendettement des ménages aux États-Unis, tout comme la chute de la demande, est localisé, comme l'ont montré mon collègue Amir Sufi et son co-auteur, Atif Mian.