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Intermediate inputs, external rebalancing and relative price adjustment : N°1699, July 2014
Bems, Rudolfs (contributor) - European Central Bank - 2014
the link between external rebalancing and relative price adjustment. We find that neglect of inputs distorts … price through several opposing channels. (1) Mismeasured imported inputs exaggerate economic openness and understate the … price response to rebalancing. (2) Mismeasured domestic inputs increase cross-sectoral asymmetry in openness, leading to an …
Persistent link: https://www.econbiz.de/10015301915
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Verti-zontal differentiation in export markets : N°1680, May 2014
Di Comite, Francesco (contributor);  … - European Central Bank - 2014
Many trade models of monopolistic competition identify cost efficiency as the main determinant of firm performance in export markets. To date, the analysis of demand factors has received much less attention. We propose a new model where consumer preferences are asymmetric across varieties and...
Persistent link: https://www.econbiz.de/10015301967
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Export dynamics and sales at home : N°1720, August 2014
Berman, Nicolas (contributor); Berthou, Antoine (contributor) - European Central Bank - 2014
Persistent link: https://www.econbiz.de/10015301968
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Inputs in distress : geoeconomic fragmentation and firms' sourcing
Panon, Ludovic (contributor); Lebastard, Laura (contributor) - European Central Bank - 2024
We study how disruptions to the supply of foreign critical inputs (FCIs) -that is, inputs primarily sourced from extra-EU countries with highly concentrated supply, advanced technology products, or which are key to the green transition -might affect value added at different levels of...
Persistent link: https://www.econbiz.de/10015320988
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Wealth effects on consumption across the wealth distribution : : empirical evidence; 1817, June 2015
European Central Bank - 2015
This paper studies the heterogeneity of the marginal propensity to consume out of wealth using French household surveys …. We find decreasing marginal propensity to consume out of wealth across the wealth distribution for all net wealth … assets, except in the top of the wealth distribution. Consumption is less sensitive to the value of the main residence than …
Persistent link: https://www.econbiz.de/10015298435
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Net wealth across the euro area : why household structure matters and how to control for it; N° 1663 / April 2014
Fessler, Pirmin (contributor); Lindner, Peter (contributor);  … - European Central Bank - 2014
We study the link between household structure and cross country differences in the wealth distribution using a recently … examine the extent to which differences in the unconditional distributions of wealth across euro area countries can be …, France, Greece, Luxembourg, Portugal, Slovenia and Slovakia household structure masks the differences to the euro area median …
Persistent link: https://www.econbiz.de/10015301797
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Micro and macro data : a comparison of the household finance and consumption survey with financial accounts in Austria; N°1673, May 2014
Andreasch, Michael (contributor); Lindner, Peter (contributor) - European Central Bank; Household Finance and … - 2014
This paper compares the survey results on savings deposits and estimates on total financial assets from the Household Finance and Consumption Survey (HFCS) in Austria with administrative records from the national accounts for the household sector. The micro data newly generated through the HFCS...
Persistent link: https://www.econbiz.de/10015301836
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How fat is the top tail of the wealth distribution? : N°1692, July 2014
Vermeulen, Philip (contributor) - European Central Bank - 2014
evidence that wealth is heavily concentrated at the upper tail of the wealth distribution. A commonly cited number for the US … is that 1 percent of the households hold 30 percent of total household wealth. I investigate the reliability of upper … tail wealth estimates from household wealth surveys in the presence of survey differential non-response, i.e. the fact that …
Persistent link: https://www.econbiz.de/10015301841
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Wealth shocks, credit-supply shocks, and asset allocation : evidence from household and firm portfolios; N° 1662 / April 2014
Kick,Thomas. (contributor); Onali, Enrico (contributor);  … - European Central Bank - 2014
which can influence portfolio choice: wealth shocks, which are represented by the sovereign debt crisis in the Euro area … large holdings of securities from stressed Euro area countries (Greece, Ireland, Italy, Portugal, and Spain) decrease the …
Persistent link: https://www.econbiz.de/10015301851
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Household wealth in the euro area : the importance of intergenerational transfers, homeownership and house price dynamics; N°1690, July 2014
Mathä, Thomas Y. (contributor);  … - European Central Bank; Household Finance and … - 2014
particular in homeownership rates and house price dynamics, are important for explaining wealth differences across euro area … wealth across euro area countries that await explanation. This paper focuses on three main factors for the wealth … three factors, in addition to the common household and demographic factors, are relevant for the net wealth accumulation …
Persistent link: https://www.econbiz.de/10015301876