%0 Journal Article %T Levarging inequality %+ International Monetary Fund (IMF) %A Kumhof, Michael %A Rancière, Romain %< avec comité de lecture %J Finance & Development %P 28-31 %8 2010-12 %D 2010 %Z Humanities and Social Sciences/Economics and FinanceJournal articles %X The United States experienced two major economic crises over the past 100 years-the Great Depression of 1929 and the Great Recession of 2007. Income inequality may have played a role in the origins of both income inequality may have played a role in the origins of both. We say this because there are two remarkable similarities between the eras preceding these crises: a sharp increase in income inequality and a sharp increase in household debt-to-income ratios. %G English %L halshs-00754409 %U https://pjse.hal.science/halshs-00754409 %~ SHS %~ ENPC %~ PJSE %~ AO-ECONOMIE