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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
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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
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Micro and Macro Data : A Comparison of the Household Finance and Consumption Survey with Financial Accounts in Austria
Andreasch, Michael - 2014
This paper compares the survey results on savings deposits and estimates on total financial assets from the Household Finance and Consumption Survey (HFCS) in Austria with administrative records from the national accounts for the household sector. The micro data newly generated through the HFCS...
Persistent link: https://www.econbiz.de/10013054679
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Housing, Consumption and Monetary Policy : How Different are the US and the Euro Area?
Musso, Alberto - 2012
real house price, residential investment and mortgage debt on the two sides of the Atlantic. Then, it presents evidence …, (ii) credit supply and (iii) housing demand shocks on the housing market and the broader economy. We find that … clearcut for housing demand shocks. We also find that credit supply shocks matter more in the euro area …
Persistent link: https://www.econbiz.de/10013116395
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Consumer Confidence as a Predictor of Consumption Spending : Evidence for the United States and the Euro Area
Dees, Stephane - 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
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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
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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
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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
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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
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Consumer Payment Preferences in the Euro Area
Kajdi, László - 2022
Payments are a key focus of central banks, as - together with the safe, efficient operation of the payments market – wide access to cash is fundamentally important for a healthy economy. In this study, three main research areas were investigated: 1. socioeconomic characteristics that can be...
Persistent link: https://www.econbiz.de/10014076632