Cynamon, Barry Z.; Fazzari, Steven M. - In: European Journal of Economics and Economic Policies: … 12 (2015) 2, pp. 170-182
US household demand is well below its trend from prior to the Great Recession. We link weak demand to rising income inequality. The demand problem did not arise contemporaneously with higher income inequality because the bottom 95 percent of the income distribution went deeply into debt to...
