Narrow search
Showing 1 - 10 of 290
Cover Image
Who bears the costs of inflation? Euro area households and the 2021-2022 shock
Pallotti, Filippo; Paz Pardo, Gonzalo; Slacalek, Jirka; … - 2023
We measure the heterogeneous welfare effects of the recent inflation surge across households in the Euro Area. A simple framework illustrating the numerous channels of the transmission mechanism of surprise inflation to household welfare guides our empirical exercise. By combining micro data and...
Persistent link: https://www.econbiz.de/10014543620
Cover Image
Indebtedness and spending: What happens when the music stops?
Le Blanc, Julia; Lydon, Reamonn - 2020
We analyse the effect of shocks to housing wealth and income before and after the Great Recession. We combine datasets … affects the response to income and wealth shocks.We find evidence for both a housing wealth effect and income shocks …
Persistent link: https://www.econbiz.de/10012422051
Cover Image
The effect of new housing supply in structural models: A forecasting performance evaluation
Girstmair, Stefan - 2024
This paper investigates the importance of including data on new housing supply in Dynamic Stochastic General … financial sector and real estate sector, they have largely overlooked housing supply. I develop an extended DSGE model that … includes both the financial sector and endogenous housing supply and show that forecasting accuracy significantly improves when …
Persistent link: https://www.econbiz.de/10014543686
Cover Image
Wealth mobility and dynamics over entire individual working life cycles
Hochguertel, Stefan; Ohlsson, Henry - 2011
We study taxable wealth in unique Swedish administrative data, annually following a large sample of households over a period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level. This implies that much of the focus of the paper is on...
Persistent link: https://www.econbiz.de/10011605347
Cover Image
Wealth Mobility and Dynamics over Entire Individual Working Life Cycles
Hochguertel, Stefan - 2011
We study taxable wealth in unique Swedish administrative data, annually following a large sample of households over a period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level. This implies that much of the focus of the paper is on...
Persistent link: https://www.econbiz.de/10013130148
Cover Image
Housing and equity wealth effects of Italian households
Grant, Charles; Peltonen, Tuomas A. - 2008
The study quantifies stock market and housing market wealth effects on households' non-durable consumption using … Italian household panel data (SHIW) of 1989-2002. We found all households react similarly to aggregate housing and stock … market gains. We also found statistically and economically significant housing wealth effects with a marginal propensity to …
Persistent link: https://www.econbiz.de/10011604903
Cover Image
Borrowing constraints, own labour and homeownership: Does it pay to paint your walls?
Lindner, Peter; Mathä, Thomas; Pulina, Giuseppe; … - 2020
Using a dedicated set of questions in the 2014 Luxembourg Household Finance and Consumption Survey (LU-HFCS), we show that a substantial share of households contributes their own labour to the acquisition of their main residence. These contributions help households faced with credit constraints,...
Persistent link: https://www.econbiz.de/10012422136
Cover Image
An agent-based model for the assessment of LTV caps
Laliotis, Dimitrios; Buesa, Alejandro; Leber, Miha; … - 2019
We assess the effects of regulatory caps in the loan-to-value (LTV) ratio using agent-based models (ABMs). Our approach builds upon a straightforward ABM where we model the interactions of sellers, buyers and banks within a computational framework that enables the application of LTV caps. The...
Persistent link: https://www.econbiz.de/10012142138
Cover Image
Borrowing Constraints, Own Labour and Homeownership : Does it Pay to Paint Your Walls?
Lindner, Peter; Mathä, Thomas Y.; Pulina, Giuseppe; … - 2021
Using a dedicated set of questions in the 2014 Luxembourg Household Finance and Consumption Survey (LU-HFCS), we show that a substantial share of households contributes their own labour to the acquisition of their main residence. These contributions help households faced with credit constraints,...
Persistent link: https://www.econbiz.de/10013315282
Cover Image
An Agent-Based Model for the Assessment of LTV Caps
Laliotis, Dimitrios; Buesa, Alejandro; Leber, Miha; … - 2021
We assess the effects of regulatory caps in the loan-to-value (LTV) ratio using agent-based models (ABMs). Our approach builds upon a straightforward ABM where we model the interactions of sellers, buyers and banks within a computational framework that enables the application of LTV caps. The...
Persistent link: https://www.econbiz.de/10013315364