WASHINGTON, D.C. — A team of business majors from Trine University’s Ketner School of Business has advanced to the top five in a national banking case study competition.
Dearborn student competing for team in top 5 in national banking competition pressandguide.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressandguide.com Daily Mail and Mail on Sunday newspapers.
ANGOLA â Marek Kolar, associate professor in Trine Universityâs Ketner School of Business, provides a detailed look at the U.S. economy in the newest episode of the universityâs Faculty Focus podcast.
Kolar, who holds a doctorate in macroeconomics and is an expert in monetary policy, discusses topics including how the U.S. and world economies are faring after COVID-19, whether the economic stimulus payments worked as intended, the possible effects of proposals such as raising the minimum wage and government spending on transportation infrastructure, and where the U.S. economy is headed.
Produced through the Trine Broadcasting Network, the Faculty Focus podcast features interviews with Trine University faculty members about current research and/or topics of interest to the community at large.
this post authored by Juan Sflnchez, Assistant Vice President and Economist; and Olivia Wilkinson, Research Associate
In the early months of the COVID-19 pandemic, total credit card debt1 in the United States dropped 13%, reaching a low of $807 billion by the end of third quarter of 2020. Prior to this decline, total credit card debt had reached a record high of nearly $930 billion. Using aggregate credit card debt data from the Federal Reserve Bank of New York, the figure below shows the deleveraging pattern of the last two recessions, the Great Recession and the COVID-19 downturn.
This blog post uses individual level data from the Federal Reserve Bank of New York/Equifax Consumer Credit Panel to show that although the evolution of credit card debt looks similar at the aggregate level during these two episodes, the underlying individual changes in credit card debt during these two events are quite different.