Households in the Minskyan Approach: issues and consequences of the indebtness of American households in the XX and early XXI century

Vol. 36 No. 1 (2016)

Jan-Mar / 2016
Published March 1, 2020
PDF-Portuguese (Pt-BR)
PDF-Portuguese (Pt-BR)

How to Cite

S. T. Rosa, Everton. 2016. “Households in the Minskyan Approach: Issues and Consequences of the Indebtness of American Households in the XX and Early XXI Century”. Brazilian Journal of Political Economy 36 (1), 130-49. https://doi.org/10.1590/0101-31572016v36n01a08.

Households in the Minskyan Approach: issues and consequences of the indebtness of American households in the XX and early XXI century

Everton S. T. Rosa
Professor da Universidade Federal de Goiás (FACE/UFG), Goiânia, GO – Brasil. Doutorando do Instituto de Economia da UNICAMP, São Paulo, SP – Brasil.
Brazilian Journal of Political Economy, Vol. 36 No. 1 (2016), Jan-Mar / 2016, Pages 130-149

Abstract

The aim of this paper is to portray the financial inclusion of households and their implications for the dynamics of the economic system, in view of the importance assumed by theindebtedness of U.S. households in recent decades, especially in the 2007 U.S. crisis. Given the transformations of the U.S. economy and its financial system is proposed the rescue of Keynes's contributions of monetary economics and Minsky's financial vision to understand adequately the behaviour of households, both in the dimension of flows of income and spending, as in decisions on stocks of assets and liabilities subject to volatility and uncertainty.

JEL Classification: E12; E21; E32.


Keywords: Monetary economy, financial fragility, financial instability, households