Published Classic Quarterly Journal of Economics Published Feb 2002Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card DataDavid B. Gross · Nicholas S. SoulelesUsing a panel of about 24,000 individual bankcard accounts from several large U.S. card issuers (January 1995-January 1998), Gross and Souleles test whether consumer debt responds to changes in credit …