Narrow search
Showing 1 - 10 of 116
Cover Image
Indebtedness and spending : what happens when the music stops?
Le Blanc, Julia; Lydon, Reamonn - 2020
We analyse the effect of shocks to housing wealth and income before and after the Great Recession. We combine datasets … affects the response to income and wealth shocks.We find evidence for both a housing wealth effect and income shocks …
Persistent link: https://www.econbiz.de/10012197858
Cover Image
Who bears the costs of inflation? : euro area households and the 2021-2022 shock
Pallotti, Filippo; Paz Pardo, Gonzalo; Slacalek, Jirka; … - 2023
We measure the heterogeneous welfare effects of the recent inflation surge across households in the Euro Area. A simple framework illustrating the numerous channels of the transmission mechanism of surprise inflation to household welfare guides our empirical exercise. By combining micro data and...
Persistent link: https://www.econbiz.de/10014483008
Cover Image
The effect of new housing supply in structural models : a forecasting performance evaluation
Girstmair, Stefan - 2024
This paper investigates the importance of including data on new housing supply in Dynamic Stochastic General … financial sector and real estate sector, they have largely overlooked housing supply. I develop an extended DSGE model that … includes both the financial sector and endogenous housing supply and show that forecasting accuracy significantly improves when …
Persistent link: https://www.econbiz.de/10014484423
Cover Image
Wealth mobility and dynamics over entire individual working life cycles
Hochguertel, Stefan; Ohlsson, Henry - 2011
We study taxable wealth in unique Swedish administrative data, annually following a large sample of households over a period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level. This implies that much of the focus of the paper is on...
Persistent link: https://www.econbiz.de/10009640634
Cover Image
Wealth mobility and dynamics over entire individual working life cycles
Hochgürtel, Stefan; Ohlsson, Henry - 2011
We study taxable wealth in unique Swedish administrative data, annually following a large sample of households over a period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level. This implies that much of the focus of the paper is on...
Persistent link: https://www.econbiz.de/10008902395
Cover Image
Borrowing constraints, own labour and homeownership : does it pay to paint your walls?
Lindner, Peter; Mathä, Thomas; Pulina, Giuseppe; … - 2020
Using a dedicated set of questions in the 2014 Luxembourg Household Finance and Consumption Survey (LU-HFCS), we show that a substantial share of households contributes their own labour to the acquisition of their main residence. These contributions help households faced with credit constraints,...
Persistent link: https://www.econbiz.de/10012299081
Cover Image
An agent-based model for the assessment of LTV caps
Laliotis, Dimitrios; Buesa, Alejandro; Leber, Miha; … - 2019
We assess the effects of regulatory caps in the loan-to-value (LTV) ratio using agent-based models (ABMs). Our approach builds upon a straightforward ABM where we model the interactions of sellers, buyers and banks within a computational framework that enables the application of LTV caps. The...
Persistent link: https://www.econbiz.de/10012030228
Cover Image
Mortgage borrowing limits and house prices : evidence from a policy change in Ireland
Higgins, Brian E. - 2024
This paper studies how mortgage borrowers and house prices react to a tightening of mortgage limits following a policy change in Ireland in 2015. The policy introduced limits to the loan-to-income and loan-to-value ratios of new mortgages issued. In response to a tightening borrowing constraint,...
Persistent link: https://www.econbiz.de/10014490418
Cover Image
Housing and the tax system : how large are the distortions in the euro area?
Fatica, Serena; Prammer, Doris - 2017
This paper presents new evidence on the impact of the preferential treatment of owner-occupied housing in Europe. We … find that tax benefits to homeowners reduce the user cost of housing capital by almost 40 percent compared to the efficient … level under neutral taxation. On average, the tax subsidy translates into an excess consumption of housing services …
Persistent link: https://www.econbiz.de/10011673619
Cover Image
Monetary policy and household inequality
Ampudia, Miguel; Georgarakos, Dimitris; Slacalek, Jirka; … - 2018
This paper considers how monetary policy produces heterogeneous effects on euro area households, depending on the composition of their income and on the components of their wealth. We first review the existing evidence on how monetary policy affects income and wealth inequality. We then...
Persistent link: https://www.econbiz.de/10011877402