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Wealth effects in the euro area
Guerrieri, Cinzia; Mendicino, Caterina - 2018
How sizable is the wealth effect on consumption in euro area countries? To address this question, we use newly available harmonized euro area wealth data and the methodology in Carroll et al. (2011b). We find that the marginal propensity to consume out of total wealth averaged across the largest...
Persistent link: https://www.econbiz.de/10011864125
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The Household Finance and Consumption Survey : results from the second wave
Europäische Zentralbank / Eurosystem Household Finance … - 2016
Persistent link: https://www.econbiz.de/10011664050
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Household Finance and Consumption Survey : a comparison of the main results for Malta with the euro area
Antonaroli, Valentina; Deguara, Warren; Muscat, Aleandra - 2023
This paper compares the main findings from the fourth wave of the Household Finance and Consumption Survey (HFCS) for … Malta with those for the euro area. This comparative report finds that in 2020 the median Maltese household held more real …
Persistent link: https://www.econbiz.de/10014416083
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Household Finance and Consumption Survey : a comparison of the main results for Malta with the euro area
Attard, Silvio; Deguara, Warren; Antonaroli, Valentina - 2020
This paper compares the main findings from the third wave of the Household Finance and Consumption Survey (HFCS) for … Malta with those for the euro area. This comparative report finds that in 2016 the median Maltese household held more real …
Persistent link: https://www.econbiz.de/10012253036
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Cyclical drivers of euro area consumption : what can we learn from durable goods?
Casalis, André; Krustev, Georgi - 2020
We study the cyclical dynamics of consumption in the euro area (EA) and the large EA countries by distinguishing durable from nondurable expenditures. We adopt a theoretical partial equilibrium framework to justify the identification strategy of our empirical model, a time-varying parameter...
Persistent link: https://www.econbiz.de/10012197836
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Wealth effect on consumption during the sovereign debt crisis : households heterogeneity in the euro area
Garbinti, Bertrand; Lamarche, Pierre; Lecanu, Charlélie; … - 2020
countries. We estimate the MPC based on a cross-country harmonized household level dataset which combines surveys on wealth …. Fifth, we find evidences that housing prices shock decreases consumption inequality while financial wealth shocks have a …
Persistent link: https://www.econbiz.de/10012139739
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Who bears the costs of inflation? : euro area households and the 2021-2022 shock
Pallotti, Filippo; Paz Pardo, Gonzalo; Slacalek, Jirka; … - 2023
framework illustrating the numerous channels of the transmission mechanism of surprise inflation to household welfare guides our …
Persistent link: https://www.econbiz.de/10014483008
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Disaggregate income and wealth effects in the largest euro area countries
Bondt, Gabe J. de; Gieseck, Arne; Herrero, Pablo; … - 2019
This study extends a thick modelling tool for aggregated euro area real private consumption of de Bondt et al. (2019) to the four largest euro area countries. The suite of error correction models performs well in and out of sample. The ranges and averages of estimated elasticities are, however,...
Persistent link: https://www.econbiz.de/10012135921
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Wealth inequality and homeownership in Europe
Kaas, Leo; Kocharkov, Georgi; Preugschat, Edgar - 2015
The recently published Household Finance and Consumption Survey has revealed large differences in wealth inequality …
Persistent link: https://www.econbiz.de/10011334237
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Distributional consequences of asset price inflation in the euro area
Adam, Klaus; Tzamourani, Panagiota - 2015
households using data from the Household Finance and Consumption Survey (HFCS). The capital gains from bond price and equity … price increases turn out to be concentrated among relatively few households, while the median household strongly benefits … from housing price increases. The capital gains from bond price increases (relative to household net wealth) do not …
Persistent link: https://www.econbiz.de/10011316626