Unemployment Expectations, Jumping (S,s) Triggers, and Household Balance Sheets
نویسندگان
چکیده
منابع مشابه
Unemployment Expectations , Jumping ( S , s ) Triggers , and Household Balance Sheets
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. We then construct a formal model of durables and nondurables consumption with an explicit role for unemployment and...
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ژورنال
عنوان ژورنال: NBER Macroeconomics Annual
سال: 1997
ISSN: 0889-3365,1537-2642
DOI: 10.1086/654332