Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/249744 
Year of Publication: 
2022
Series/Report no.: 
IWH Discussion Papers No. 4/2022
Publisher: 
Halle Institute for Economic Research (IWH), Halle (Saale)
Abstract: 
We exploit the spatial and temporal variation of the staggered introduction of interstate banking deregulation across the U.S. to study the relationship between credit constraints and consumption of durables. Using the American Housing Survey from 1981 to 1989, we link the timing of these reforms with evidence of a credit expansion and household responses on many margins. We find evidence that low-income households are more likely to purchase new appliances after the deregulation. These durable goods allowed households to consume less natural gas and spend less time in domestic activities after the reforms.
Subjects: 
banking deregulation
credit constraints
energy consumption
durable goods
JEL: 
D12
G2
Q41
Document Type: 
Working Paper

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