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Household Risk Management and Actual Mortgage Choice in the Euro Area

Ehrmann, Michael - 2014

-country study has analyzed what determines household demand for mortgage types, a task that this paper takes up using new data for …Mortgages constitute the largest part of household debt. An essential choice when taking out a mortgage is between … exercise to identify how the easing of monetary policy during the financial crisis affected mortgage holders. It shows that the …

Persistent link: https://www.econbiz.de/10013060536

Financial Fragility of Euro Area Households

Ampudia, Miguel; Vlokhoven, Has van; Żochowski, Dawid - 2021

We propose a novel framework to identify distressed households by taking account of both the solvency and the liquidity situation of an individual household. Using the data from the Household Finance and Consumption Survey and the country-level data on non-performing loans we calibrate our...

Persistent link: https://www.econbiz.de/10013315575

Fixed Rate versus Adjustable Rate Mortgages : Evidence from Euro Area Banks

Albertazzi, Ugo - 2019

cross-country and time variation observed, we distinguish between the conditions that determine the local demand for credit …. Local demand conditions dominate. In particular we find that the share of new loans with a fixed rate is larger when: (1 … mortgage-backed securities is more widespread …

Persistent link: https://www.econbiz.de/10012860418

Consumer Confidence as a Predictor of Consumption Spending : Evidence for the United States and the Euro Area

Dées, Stéphane - 2011

For most academics and policy makers, the depth of the 2007-09 financial crisis, its longevity and its impacts on the real economy resulted from an erosion of confidence. This paper proposes to assess empirically the link between consumer sentiment and consumption expenditures for the United...

Persistent link: https://www.econbiz.de/10013124648

Euro Area Private Consumption : Is There a Role for Housing Wealth Effects?

Skudelny, Frauke - 2009

This paper adds to the literature on wealth effects on consumption by disentangling financial wealth effects from housing wealth effects for the euro area. We use two macro-datasets for our estimations, one on the aggregate euro area for the period 1980-2006, and one on the individual euro area...

Persistent link: https://www.econbiz.de/10013159721

Wealth Effects on Consumption - Evidence from the Euro Area

Sousa, Ricardo M. - 2009

mutual funds. In addition, consumption seems to be very responsive to financial liabilities and mortgage loans …

Persistent link: https://www.econbiz.de/10013160476

Wealth Effect on Consumption During the Sovereign Debt Crisis : Households Heterogeneity in the Euro Area

Garbinti, Bertrand - 2020

This paper studies the heterogeneity of the marginal propensity to consume out of wealth (MPC) both across and within countries. We estimate the MPC based on a cross-country harmonized household level dataset which combines surveys on wealth, income and consumption. We use panel regressions and...

Persistent link: https://www.econbiz.de/10012844559

Subsidising Car Purchases in the Euro Area : Any Spill-Over on Production?

Paredes, Joan - 2017

Due to input-output linkages, an industry level shock can widely transmit to the rest of the economy. We identify government policies on the automobile industry, which change final prices and estimate their effect on sales and production. An example could be the scrappage schemes that many...

Persistent link: https://www.econbiz.de/10012949115

Cyclical Drivers of Euro Area Consumption : What Can We Learn from Durable Goods?

Krustev, Georgi; Casalis, André - 2021

, we distinguish durable-specific demand and supply shocks, while taking into account monetary and credit conditions. Our …

Persistent link: https://www.econbiz.de/10013315322

Inflation Expectations, Consumption and the Lower Bound : Micro Evidence from a Large Euro Area Survey

Duca, Ioana; Kenny, Geoff; Reuter, Andreas - 2021

This paper exploits a very large multi-country survey of consumers to investigate empirically the relationship between inflation expectations and consumer spending. We document that for the Euro Area and almost all of its constituent countries this relationship is generally positive: a higher...

Persistent link: https://www.econbiz.de/10013315386