Journal Article
Household balance sheets and the recovery
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;
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 2011
Issue: Mar
Order Number: 5