This paper analyzes the existence of 'wealth effects' derived from net equity (in the form of housing, financial assets …-2017. Overall, wealth effects are found to be relatively large and significant for housing wealth, but less so for other types of … wealth, including stocks. Furthermore, the analysis shows how these estimated marginal propensities to consume (MPC) from …

implications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are …

High household wealth is often cited as a key strength of the Italian economy. Both in absolute terms and relative to … income, the Italian household sector is wealthier than most euro area peers. A sizable fraction of this wealth is held by the … rich and upper middle classes. This paper documents the changes in the Italian household sector's financial wealth over the …

This paper examines the role increasing personal wealth and home equity withdrawal (HEW) have had in the decline in the … while making housing wealth more liquid as HEW becomes easier over time. Regression analysis indicates the expected negative …

model is affected by the gap between ‘target’ and actual wealth, with the target wealth determined by credit conditions and … saving rate’s long-term decline, while fluctuations in net wealth and uncertainty capture the bulk of the business …