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Fast micro and slow macro : can aggregation explain the persistence of inflation?
Mojon, Benoît (contributor); Altissimo, Filippo (contributor) - 2007
inflation series of the euro area CPI translates into the slow adjustment of euro area aggregate inflation. We first estimate a … dynamic factor model for 404 inflation sub-indices of the euro area CPI. This allows to decompose the dynamics of inflation … the overall variance of the 404 disaggregate inflation series, is the main driver of aggregate dynamics. In addition, the …
Persistent link: https://www.econbiz.de/10003422813
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Euro area inflation persistence
Batini, Nicoletta (contributor) - 2002
Persistent link: https://www.econbiz.de/10001749448
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Private wealth across European countries : the role of income, inheritance and the welfare state
Fessler, Pirmin; Schürz, Martin - 2015
Persistent link: https://www.econbiz.de/10011349810
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Micro and macro analysis on household income, wealth and saving in the euro area
Honkkila, Juha; Kavonius, Ilja Kristian - 2013
Persistent link: https://www.econbiz.de/10010233269
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Net wealth across the euro area : why household structure matters and how to control for it
Fessler, Pirmin; Lindner, Peter; Segalla, Esther - 2014
Persistent link: https://www.econbiz.de/10010380043
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Household wealth in the euro area : the importance of intergenerational transfers, homeownership and house price dynamics
Mathä, Thomas; Porpiglia, Alessandro; Ziegelmeyer, Michael - 2014
Persistent link: https://www.econbiz.de/10010381987
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Wealth effects in the euro area
Guerrieri, Cinzia; Mendicino, Caterina - 2018
How sizable is the wealth effect on consumption in euro area countries? To address this question, we use newly available harmonized euro area wealth data and the methodology in Carroll et al. (2011b). We find that the marginal propensity to consume out of total wealth averaged across the largest...
Persistent link: https://www.econbiz.de/10011864125
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Disaggregate income and wealth effects in the largest euro area countries
Bondt, Gabe J. de; Gieseck, Arne; Herrero, Pablo; … - 2019
This study extends a thick modelling tool for aggregated euro area real private consumption of de Bondt et al. (2019) to the four largest euro area countries. The suite of error correction models performs well in and out of sample. The ranges and averages of estimated elasticities are, however,...
Persistent link: https://www.econbiz.de/10012135921
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Wealth effect on consumption during the sovereign debt crisis : households heterogeneity in the euro area
Garbinti, Bertrand; Lamarche, Pierre; Lecanu, Charlélie; … - 2020
This paper studies the heterogeneity of the marginal propensity to consume out of wealth (MPC) both across and within countries. We estimate the MPC based on a cross-country harmonized household level dataset which combines surveys on wealth, income and consumption. We use panel regressions and...
Persistent link: https://www.econbiz.de/10012139739
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How do households allocate their assets? : stylised facts from the Eurosystem household finance and consumption survey
Arrondel, Luc; Bartiloro, Laura; Fessler, Pirmin; … - 2014
Persistent link: https://www.econbiz.de/10010441179