Household balance sheets and the recovery

Timothy Bianco and Filippo Occhino

Economic Commentary, 2011, issue Mar

Abstract: Falling home and financial asset prices have combined to weaken the average household?s balance sheet, and this has helped to slow down the current recovery. We examine the role that household balance sheets have typically played in postwar business cycles and assess their importance in explaining why some recoveries, including the current one, have been weaker than others.

Keywords: Households - Economic aspects; Households - Finance; Economic conditions (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcec:y:2011:i:mar24:n:2011-5

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