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Closely following the seminal contribution of Jappelli and Pistaferri (2014) - based on Italian household survey data - we employ data of 22 European countries to assess the role of heterogeneity of the marginal propensity to consume (MPC) for fiscal policy in the Euro area. We document an...
Persistent link: https://www.econbiz.de/10014486919
This paper compares the main findings from the third wave of the Household Finance and Consumption Survey (HFCS) for Malta with those for the euro area. This comparative report finds that in 2016 the median Maltese household held more real and financial assets than households in the euro area....
Persistent link: https://www.econbiz.de/10012253036
This paper compares the main findings from the fourth wave of the Household Finance and Consumption Survey (HFCS) for Malta with those for the euro area. This comparative report finds that in 2020 the median Maltese household held more real and financial assets than households in the euro area....
Persistent link: https://www.econbiz.de/10014416083
This paper examines the impact of income inequality on consumption-related household indebtedness at the household level. Using the first wave of the Eurosystem Household Finance and Consumption Survey data, the analysis sheds light on heterogeneous effects across euro area countries. The...
Persistent link: https://www.econbiz.de/10012153847
We analyze the determinants of the inflation trends in ten Southeast European (SEE) countries. Global cost …-related factors and euro area (EA) inflation developments play an important role in explaining inflation dynamics in SEE countries … exchange to euro area market appear to be susceptible to inflation spillovers from the euro area. Moreover, nominal effective …
Persistent link: https://www.econbiz.de/10012124587
, particularly those coming from the natural gas sector. The high peaks of the Eurozone inflation are mainly associated with gas … and inflation dynamics in Europe. Specifically, we include in our specification two separate energy markets (oil and … natural gas) and two target macroeconomic variables, measuring inflation expectations and the realized headline inflation. Our …
Persistent link: https://www.econbiz.de/10013488601
This article summarizes the main findings from the fourth wave of the Household Finance and Consumption Survey (HFCS) for Malta. The HFCS is part of a co-ordinated research project led by the European Central Bank and involves national central banks of all euro area countries and selected...
Persistent link: https://www.econbiz.de/10014296471
Using a novel dataset that integrates inflation expectations with information on social network connections, we show … that inflation expectations within one's social network have a positive, causal relationship with individual inflation …, socially determined inflation expectations induce imperfect risk-sharing and can affect the inflation and real output …
Persistent link: https://www.econbiz.de/10015078554
This paper focuses on the formation of inflation expectations of consumers in 9 Central, Eastern and Southeastern … difference between realized inflation and reported inflation expectations is considerably higher in CESEE countries than in 7 … literature on large Western economies: older, female and lower income respondents have relatively higher inflation expectations …
Persistent link: https://www.econbiz.de/10014338791
We use household-level data from the Household Budgetary Survey to study the saving patterns of Maltese households. We first establish a set of key observations from the data, showing that the likelihood of saving rises with income, age and education. We then estimate a Logit model of the...
Persistent link: https://www.econbiz.de/10012485344