Unemployment, Expectations, Jumping (S,S) Triggers, and Household Balance Sheets

Carroll, Christopher D.; Dunn, Wendy E.

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Unemployment, Expectations, Jumping (S,S) Triggers, and Household Balance Sheets

NBER Macroeconomics Annual, 1997

Posted: 16 Feb 1998

See all articles by Christopher D. Carroll

Christopher D. Carroll

Johns Hopkins University - Department of Economics; National Bureau of Economic Research (NBER)

Wendy E. Dunn

Board of Governors of the Federal Reserve System

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Abstract

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.

JEL Classification: D1, D8, D9, E2, E3

Suggested Citation: Suggested Citation

Carroll, Christopher D. and Dunn, Wendy E., Unemployment, Expectations, Jumping (S,S) Triggers, and Household Balance Sheets. NBER Macroeconomics Annual, 1997, Available at SSRN: https://ssrn.com/abstract=56178