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

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 the indebtedness 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.摘要 本文旨在刻画美国家庭的金融普惠水平及其对经济系统动态演化的影响。鉴于近几十年来美国家庭债务所凸显的重要性，尤其是在2007年美国金融危机期间，针对美国经济及其金融体系的变革趋势，本文提出应重拾凯恩斯（Keynes）在货币经济学领域的理论贡献与明斯基（Minsky）的金融分析框架，以充分理解家庭的经济行为：既涵盖收入与支出的流量维度，也包含受波动性与不确定性制约的资产与负债存量决策。