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The Distribution of wealth and the MPC: implications of new European data

Carroll, Christopher D.; Slacalek, Jiri; Tokuoka, Kiichi - European Central Bank - 2014

Using new micro data on household wealth from fifteen European countries, the Household Finance and Consumption Survey, we first document the substantial cross-country variation in how various measures of wealth are distributed across individual households. Through the lens of a standard,...

Persistent link: https://www.econbiz.de/10010753755

Wealth and income in the euro area: Heterogeneity in households' behaviours?

Arrondel, Luc; Roger, Muriel; Savignac, Frédérique - European Central Bank - 2014

This article aims at linking the household wealth and income distributions for 15 European countries using the Household Finance and Consumption Survey. We study the role played by the household’s location in the income distributions in determining its location in the wealth distribution. A...

Persistent link: https://www.econbiz.de/10011067275

How do households allocate their assets? Stylised facts from the Eurosystem household finance and consumption survey

Arrondel, Luc; Bartiloro, Laura; Fessler, Pirmin; … - European Central Bank - 2014

Using the first wave of the Eurosystem Household Finance and Consumption Survey (HFCS), a large micro-level dataset on households’ balance sheets in 15 euro area countries, this paper explores how households allocate their assets. We derive stylised facts on asset participation as well as...

Persistent link: https://www.econbiz.de/10011067277

The rise of China and India: blessing or curse for the advanced countries?

Stracca, Livio - European Central Bank - 2013

This paper evaluates the impact of the rise of large emerging manufacturing exporters such as China and India on economic growth in advanced countries. After illustrating the possible theoretical channels, I estimate a growth regression based on 3-year average data augmented with...

Persistent link: https://www.econbiz.de/10010753735

The export-magnification effect of offshoring

Kleinert, Joern; Zorell, Nico - European Central Bank - 2012

analytically in a general equilibrium model with heterogeneous firms that a fall in variable offshoring costs boosts trade in … call the export-magnification effect of offshoring. More specifically, lower barriers to offshoring reduce the average … costs of inputs for offshoring firms and allow more firms to source cheap foreign intermediates, which improves firm …

Persistent link: https://www.econbiz.de/10010686849

Global value chains: surveying drivers and measures

Amador, João; Cabral, Sónia - European Central Bank - 2014

The production of most goods and services is nowadays vertically fragmented across different countries, as global value chains (GVCs) emerged as the current paradigm for the international organisation of production. This paper surveys part of the growing empirical literature on GVCs, starting by...

Persistent link: https://www.econbiz.de/10011067232