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Arnold, I.; Els, P.J.A. van; Haan, J. de - de Nederlandsche Bank - 2002

indicators of real activity, while housing prices have predictive power for price indicators, and money and credit aggregates …

Persistent link: https://www.econbiz.de/10005106706

The Role of Wealth in the Economy: the 2002 Annual Meeting Papers of the Royal Netherlands Economic Association

Alessie, R.J.M.; Els, P.J.A. van; Hoogduin, L.H. - de Nederlandsche Bank - 2002

This study is an introduction to and summary of the 2002 Annual Meeting papers of the Royal Netherlands Economic Association. The general theme of this year's Annual Meeting is 'The role of wealth in the economy'. It is covered by 5 papers, which address the following topics: (i) household...

Persistent link: https://www.econbiz.de/10005021879

Housing and Equity Wealth Effects of Italian Households

Grant, Charles; Peltonen, Tuomas - de Nederlandsche Bank - 2005

The study quantifies stock market and housing market wealth effects on households' non-durable consumption using … market and housing market wealth effects on households' non-durable consumption using Italian household panel data (SHIW) of … insignificant housing wealth effects. However, we found homeowners' MPC out of housing wealth gains to be The study quantifies stock …

Persistent link: https://www.econbiz.de/10005021843

The Impact of Newspapers on Consumer Confidence: Does Spin Bias Exist?

Alsem, Karel-Jan; Brakman, Steven; Hoogduin, Lex; … - de Nederlandsche Bank - 2004

Mullainathan and Shleifer (2002) argue that there are two types of media bias. One bias, called ideology, reflects a news outlet's desire to affect reader opinions in a particular direction. The second bias, referred to as spin, reflects the outlet's attempt to simply create a memorable story....

Persistent link: https://www.econbiz.de/10004970700

Herding and financial panics: a role for cognitive psychology?

Prast, H.M. - de Nederlandsche Bank - 2000

The purpose of this Research Memorandum is to assess whether concepts from psychological theory may be useful in explaining herding and crises in financial markets. The conclusion is that the theory of cognitive dissonance, which assumes that the human brain seeks and processes information in a...

Persistent link: https://www.econbiz.de/10004970710

The effect of credit conditions on the Dutch housing market

Francke, Marc; Minne, Alex van de; Verbruggen, Johan - de Nederlandsche Bank - 2014

market of the 1980s, has had implications for the housing market in the Netherlands. In this paper we introduce a new method … variables. The model has been estimated on data representing first time buyers (FTB). For FTB we can assume that the housing and … non-housing wealth is essentially zero. The CCI has subsequently been used as an explanatory variable in an error …

Persistent link: https://www.econbiz.de/10011079889

A macroprudential approach to address liquidity risk with the Loan-to-Deposit ratio

End, Jan Willem van den - de Nederlandsche Bank - 2013

This paper maps the empirical features of the Loan-to-Deposit (LTD) ratio with an eye on using it in macroprudential policy to mitigate liquidity risk. We inspect the LTD trends and cycles of 11 euro area countries by filtering methods and analyze the interaction between loans and deposits. We...

Persistent link: https://www.econbiz.de/10010822694

The Level Effect of Bank Lending Standards on Business Lending

Veer, Koen van der; Hoeberichts, Marco - de Nederlandsche Bank - 2013

Do tightenings of bank lending standards permanently reduce bank lending? We construct a measure of a bank's level of lending standards using micro-data from the sample of banks participating in the Eurosystem Bank Lending Survey in The Netherlands and show that this level measure affects...

Persistent link: https://www.econbiz.de/10010822703

What drives consumer confidence in times of financial crises? Evidence for the Netherlands

Neisingh, Paul; Stokman, Ad - de Nederlandsche Bank - 2013

Five years after Lehman Brothers defaulted, the Dutch consumer confidence is still very low. Based on a monthly time series analysis from 1978 onwards, we provide evidence that general economic indicators are not sufficient to explain consumer sentiment. We show that during the Great Recession...

Persistent link: https://www.econbiz.de/10010822707

Credit ratings and bond spreads of the GIIPS

Vries, Tim de; Haan, Jakob de - de Nederlandsche Bank - 2014

We examine the relationship between credit ratings and bond yield spreads of peripheral countries in the euro area (Greece, Ireland, Italy, Portugal and Spain) for the period 1995-2014. Since 2012, bond spreads of those countries have come down very fast, whereas credit ratings have hardly...

Persistent link: https://www.econbiz.de/10010812610