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individually-owned homes are a major driver of individual wealth accumulation. Moreover, higher homeownership rates can encourage …Even though the cost for owner-occupied homes fell sharply in the last years, homeownership rates in the EU remain … sluggish. Sound economic policy would promote homeownership especially as rents are on the rise. Policies that facilitate …
Persistent link: https://www.econbiz.de/10011987638
This paper analyses the housing markets of OECD countries using a scoring model. This model is based on a European Systematic Risk Board approach to risk assessment of housing markets but extends this approach in two important ways. First, this paper distinguishes between cyclical and structural...
Persistent link: https://www.econbiz.de/10014562970
Persistent link: https://www.econbiz.de/10003681093
Persistent link: https://www.econbiz.de/10011551612
Experience after the establishment of EMU shows that the behaviour of private consumers differs considerably among member countries and that average and marginal propensities to consume are fairly heterogeneous. In particular, there are clear differences between Germany and the rest of the euro...
Persistent link: https://www.econbiz.de/10009612608
Persistent link: https://www.econbiz.de/10009152530
This paper examines the real return that households in large euro area countries achieved with their financial portfolios since the onset of the euro. A newly compiled dataset shows that, contrary to widespread belief, overall real returns did not decline in the low interest environment. Indeed...
Persistent link: https://www.econbiz.de/10011992987
This paper examines whether household portfolio structures change in favour of riskier assets when interest rates fall …
Persistent link: https://www.econbiz.de/10011871767
Persistent link: https://www.econbiz.de/10008822447
In the last issue of Intereconomics, a first article by the present authors looked into the measures that central banks have taken in support of the financial sector in an effort to mitigate the effects of the financial crisis. This second article describes the measures taken by governments to...
Persistent link: https://www.econbiz.de/10009748260