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Developing a euro area accounting matrix: issues and applications
Jellema, Tjeerd; Keuning, Steven; McAdam, Peter; Mink, … - European Central Bank - 2004
Abstract: An important part of external or policy shocks is transmitted throughout the economy via various channels of transactions. To analyse such channels and to predict the impact of shocks, it is expedient to know who recently exchanged what with whom and for what purpose. The most...
Persistent link: https://www.econbiz.de/10005162871
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Labour supply and incentives to work in Europe
Gómez Salvador, Ramón (contributor) - What explains the pattern of labour supply in Europe … - 2005
Labour Supply and Incentives to Work in Europe highlights recent developments in the labour supply in Europe and gives a detailed assessment of their link with economic policies and labour market institutions. Despite major changes in European labour supply during the past few decades, the...
Persistent link: https://www.econbiz.de/10011851054
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The distribution of households consumption-expenditure budget shares
Barigozzi, Matteo; Alessi, Lucia; Capasso, Marco; … - European Central Bank - 2009
This paper explores the statistical properties of household consumption-expenditurebudget share distributions —defined … as the share of household total expenditure spentfor purchasing a specific category of commodities— for a large sample of … Italianhouseholds in the period 1989-2004. We find that household budget share distributionsare fairly stable over time for each …
Persistent link: https://www.econbiz.de/10005866522
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Household's portfolio structure in Germany - analysis of financial accounts data 1959-2009
Ramb, Fred; Scharnagl, Michael - European Central Bank - 2011
Based on a Financial Almost Ideal Demand System (FAIDS), this paper investigates the wealth structure of German households. The long-run wealth elasticities and interestrate elasticities were calculated using a unique new quarterly financial accounts macrodata set which covers the period from...
Persistent link: https://www.econbiz.de/10009149022
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The immigrant/native wealth gap in Germany, Italy and Luxembourg
Mathä, Thomas Y.; Porpiglia, Alessandro; Sierminska, Eva - European Central Bank - 2011
This paper analyses the existence of an immigrant/native wealth gap by using household survey data for Luxembourg …
Persistent link: https://www.econbiz.de/10008854651
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Inflation perceptions and expectations in the euro area: the role of news
Badarinza, Cristian; Buchmann, Marco - European Central Bank - 2009
The aim of this study is to assess empirically to what extent the degree of heterogeneity of consumers’ inflation perceptions and expectations is driven by the flow of information related to current and future price developments in the euro area. We conduct the analysis both on an aggregate...
Persistent link: https://www.econbiz.de/10005049560
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Wage diversity in the euro area - an overview of labour cost differentials across industries
Genre, Véronique; Momferatou, Daphne; Mourre, Gilles - European Central Bank - 2005
This Paper provides an overview of the magnitude of sectoral wage differentials in the euro area as a whole. Even when adjusting for structural sectoral features such as the skill structure or the proportion of part-timers, average wage levels in services are substantially lower than in...
Persistent link: https://www.econbiz.de/10005162868
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Import prices and pricing-to-market effects in the euro area
Warmedinger, Thomas - European Central Bank - 2004
Pricing-to-market (PTM) behaviour implies that exporters adjust their prices to the prevailing prices in their export markets. For the importing country, PTM effects can be interpreted as a measure of the stability of domestic prices against foreign price and exchange rate developments. PTM...
Persistent link: https://www.econbiz.de/10005162877
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Forecasting with a Bayesian DSGE model: an application to the euro area
Smets, Frank; Wouters, Raf - European Central Bank - 2004
In monetary policy strategies geared towards maintaining price stability conditional and unconditional forecasts of inflation and output play an important role. This paper illustrates how modern sticky-price dynamic stochastic general equilibrium models, estimated using Bayesian techniques, can...
Persistent link: https://www.econbiz.de/10005162894
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The demand for M3 in the euro area
Coenen, Günter; Vega, Juan Luis - European Central Bank - 1999
In this paper, an empirically stable money demand model for M3 in the euro area is constructed. Starting with a multivariate system, three cointegrating relationships with economic content are found: (i) the spread between the long- and the short-term nominal interest rates, (ii) the long-term...
Persistent link: https://www.econbiz.de/10005162897