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
本文旨在刻画家庭金融包容（financial inclusion）状况及其对经济系统动态演化的影响。近几十年来，美国家庭债务的重要性日益凸显，尤其在2007年美国金融危机中发挥了关键作用。鉴于美国经济及其金融体系的变革，本文主张重拾凯恩斯的货币经济学贡献与明斯基的金融理论视角，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。