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A Hard-Nosed Look at Worsening U.S. Household Finance

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  • Eric Tymoigne

Abstract

Arguably, the stability of household finances is the biggest single unknown in the U.S. economy today. We have published several pieces on the issue. After analyzing the household sector closely, the author proposes some hard-nosed solutions for the nation.

Suggested Citation

  • Eric Tymoigne, 2007. "A Hard-Nosed Look at Worsening U.S. Household Finance," Challenge, Taylor & Francis Journals, vol. 50(4), pages 88-111.
    • Handle: RePEc:mes:challe:v:50:y:2007:i:4:p:88-111
    DOI: 10.2753/0577-5132500406
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    References listed on IDEAS

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    1. Mark Doms & Meryl Motika, 2006. "Property debt burdens," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue jul28.
    2. Dimitri B. Papadimitriou & Edward Chilcote & Gennaro Zezza, 2006. "Are Housing Prices, Household Debt, and Growth Sustainable?," Economics Strategic Analysis Archive sa_jan_06, Levy Economics Institute.
    3. Wynne Godley, "undated". "Drowning In Debt," Economics Policy Note Archive 00-6, Levy Economics Institute.
    4. Dean M. Maki, 2000. "The growth of consumer credit and the household debt service burden," Finance and Economics Discussion Series 2000-12, Board of Governors of the Federal Reserve System (U.S.).
    5. L. Randall Wray, "undated". "Surplus Mania: A Reality Check," Economics Policy Note Archive 99-3, Levy Economics Institute.
    6. Guy Debelle, 2004. "Household debt and the macroeconomy," BIS Quarterly Review, Bank for International Settlements, March.
    7. C. Alan Garner, 1996. "Can measures of the consumer debt burden reliably predict an economic slowdown?," Economic Review, Federal Reserve Bank of Kansas City, vol. 81(Q IV), pages 63-76.
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    Cited by:

    1. Scott T. Fullwiler, 2016. "The Debt Ratio and Sustainable Macroeconomic Policy," World Economic Review, World Economics Association, vol. 2016(7), pages 12-42, July.
    2. Olga Zakrevskaya & Sharon Mastracci, 2013. "Differential Effects of the Great Recession by Household Type," Challenge, Taylor & Francis Journals, vol. 56(6), pages 87-114.
    3. John Harvey, 2010. "Keynes’ Business Cycle: Animal Spirits and Crisis," Working Papers 201003, Texas Christian University, Department of Economics.
    4. Charles J. Whalen, 2013. "Post-Keynesian Institutionalism after the Great Recession," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 12-27.
    5. Aboohamidi, Abbas & Chidmi, Benaissa, 2015. "Changes in the Wealth of American Households during the 2007-2009 Financial Crisis in the U.S," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205451, Agricultural and Applied Economics Association.
    6. Charles J. Whalen, 2020. "Post-Keynesian institutionalism: past, present, and future," Evolutionary and Institutional Economics Review, Springer, vol. 17(1), pages 71-92, January.

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