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Identifying income and wealth-poor households in the euro area

Müller, Philip; Schmidt, Tobias - 2015

from the 2010 Household Finance and Consumption Survey (HFCS). We are particularly interested in the way in which specific …

Persistent link: https://www.econbiz.de/10011373659

Forceful or persistent : wow the ECB's new inflation target affects households' inflation expectations

Hoffmann, Mathias; Mönch, Emanuel; Pavlova, Lora; … - 2023

We study how households adjust their medium-term inflation expectations under the new ECB strategy. We find that survey respondents make little difference between the previous strategy of targeting inflation rates close to but below 2% and the new strategy with a symmetric 2% target. Yet,...

Persistent link: https://www.econbiz.de/10014391441

Forceful or persistent : how the ECB's new inflation target affects households' inflation expectations

Hoffmann, Mathias; Mönch, Emanuel; Pavlova, Lora; … - 2024

We study how households adjust their medium-term inflation expectations under the new ECB inflation targeting strategy. Survey respondents make little difference between the previous strategy of targeting inflation rates close to but below 2% and the new strategy with a 2% point target....

Persistent link: https://www.econbiz.de/10015323846

Household saving behavior and credit constraints in the Euro area

Le Blanc, Julia; Porpiglia, Alessandro; Teppa, Federica; … - 2014

We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new … harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the …

Persistent link: https://www.econbiz.de/10010388544

How do households allocate their assets? : stylized facts from the eurosystem household finance and consumption survey

Arrondel, Luc; Bartiloro, Laura; Fessler, Primin; … - 2014

Using the Household Finance and Consumption Survey (HFCS), a large micro-level dataset on households’ wealth in fifteen … participation as well as levels of asset holdings and investigate the systematic relationships between household characteristics and …

Persistent link: https://www.econbiz.de/10010384151

The interest rate exposure of euro area households

Tzamourani, Panagiota - 2019

document substantial heterogeneity across these dimensions. The median household in the euro area has a positive interest rate …

Persistent link: https://www.econbiz.de/10011963126

Is it really more dispersed? : measuring and comparing the stress from the common monetary policy in the euro area

Quint, Dominic - 2014

The ECB's one size monetary policy is unlikely to fit all euro area members at all times, which raises the question of how much monetary policy stress this causes at the national level. I measure monetary policy stress as the difference between actual ECB interest rates and Taylor-rule implied...

Persistent link: https://www.econbiz.de/10010349426

Cross-border liquidity, relationships and monetary policy : evidence from the Euro area interbank crisis

Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - 2014 - This version: November 2014

We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on the compositional supply effects through cross-border and relationship lending. For empirical identification, we draw on the proprietary bank-to-bank European interbank dataset...

Persistent link: https://www.econbiz.de/10010471858

Fiscal devaluation in a monetary union : conference paper

Engler, Philipp; Ganelli, Giovanni; Tervala, Juha; … - 2014

Between 1999 and the onset of the economic crisis in 2008 real exchange rates in Greece, Ireland, Italy, Portugal and Spain appreciated relative to the rest of the euro area. This divergence in competitiveness was reflected in the emergence of current account imbalances. Given that exchange rate...

Persistent link: https://www.econbiz.de/10010487256

Heterogeneity in euro-area monetary policy transmission : results from a large multi-country BVAR model

Mandler, Martin; Scharnagl, Michael; Volz, Ute - 2016

We study cross-country differences in monetary policy transmission across the large four euro-area countries (France, Germany, Italy and Spain) using a large Bayesian vector autoregressive model with endogenous prior selection. Drawing both on the posterior distributions of the cross-country...

Persistent link: https://www.econbiz.de/10011444752