Immobilienbesitzes als Vermögenskomponente in den letzten Jahren zugenommen. Pro Euro Vermögenszuwachs werden ungefähr 2 Cent für …The economic performance in the euro area and in particular in Germany has been rather weak over the recent past … risen over the last years. In the aggregate, a wealth increase of 1 euro is expected to trigger private consumption by about …

the impacts of liquidity and interest shocks on real share and house prices. VAR models for the US, the euro area, Japan … the US, it has negative effects on output especially in the UK and the euro area. Therefore, a leaning against the wind …