Unemployment, Expectations, Jumping (S,S) Triggers, and Household Balance Sheets
NBER Macroeconomics Annual, 1997
Posted: 16 Feb 1998
This paper examines the relationship between household balance sheets, consumer purchases and expectations. We find few robust empirical relationships between balance sheet measures and spending, but we do find that unemployment expectations are robustly correlated with spending.
JEL Classification: D1, D8, D9, E2, E3
Suggested Citation: Suggested Citation