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United States: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper for the United States discusses the microeconomics of the country—household wealth and savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper demonstrates how households with consistently lower income, which have shown growth in the years prior to the crisis, experienced larger declines in their saving rates and a larger rise in their indebtedness before the crisis, contributing significantly to the dynamics of the mean saving rate.

Suggested Citation

  • International Monetary Fund, 2012. "United States: Selected Issues," IMF Staff Country Reports 2012/214, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/214
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=26143
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    Cited by:

    1. Julien Reynaud, 2015. "Gauging Housing Supply in Canada: A Stock Approach," IMF Working Papers 2015/128, International Monetary Fund.
    2. Office of Financial Research (ed.), 2013. "Office of Financial Research 2013 Annual Report," Reports, Office of Financial Research, US Department of the Treasury, number 13-2.

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