Plausibly Exogenous [973] - Shale Shocks (09/28/2022)
LHS Variable
Debt repayment
RHS Variable
Unanticipated cash windfalls
Source of Exogenous Variation
Unexpected and continuing payments from the discovery and extraction of natural gas at the onset of the Fracking Revolution
- Cookson, Gilje, and Heimer (2022), “Shale Shocked: Cash Windfalls and Household Debt Repayment'“