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the current global pandemic crisis, the future of household finances is uncertain. The change of the macroeconomic and …
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Analysis of monthly disaggregated data from 1978 to 2016 on US household in ation expectations reveals that exposure to … household personal characteristics, their perceptions of the e ectiveness of government policies, their expectations of future …
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hitherto been boosted by historically high levels of household debt-financing. These events question the validity of … Keynesian relative income hypothesis, which claims that current income, its distribution, household borrowing, and household … alternative Keynesian theory of consumption based on the relative income hypothesis …
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