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Disaggregate income and wealth effects in the largest euro area countries

Bondt, Gabe J. de; Gieseck, Arne; Herrero, Pablo; … - 2019

decomposing disposable income into labour, property and transfer income is essential for understanding and forecasting consumption …. Finally, substantial crosscountry heterogeneity in marginal propensities to consume out of income and wealth components calls …

Persistent link: https://www.econbiz.de/10012135921

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

Wealth and income in the euro area : heterogeneity in households' behaviours?

Arrondel, Luc; Roger, Muriel; Savignac, Frédérique - 2014

Persistent link: https://www.econbiz.de/10010441242

Does the euro make a difference? : spatio-temporal transmission of global shocks to real effective exchange rates in an infinite VAR

Bussière, Matthieu; Chudik, Alexander; Mehl, Arnaud - 2011

This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro area countries and assesses whether their responses to...

Persistent link: https://www.econbiz.de/10008901483

Wealth effect on consumption during the sovereign debt crisis : households heterogeneity in the euro area

Garbinti, Bertrand; Lamarche, Pierre; Lecanu, Charlélie; … - 2020

, income and consumption. We use panel regressions and an instrumental variable approach. First, our panel-based MPC estimates …

Persistent link: https://www.econbiz.de/10012139739

Accuracy and determinants of self-assessed euro area house prices

Le Roux, Julien; Roma, Moreno - 2019

Using microdata from the second wave of the Household Finance and Consumption Survey, we investigate the accuracy of property values estimated by homeowners - so called "self-assessed" house prices - and explore the drivers of possible deviations of these prices from official hedonic house price...

Persistent link: https://www.econbiz.de/10012122027

Stress-testing net trading income : the case of European banks

Giglio, Carla; Shaw, Frances; Syrichas, Nicolas; … - 2021

Net trading income is an important but volatile source of income for many euro area banks, highly sensitive to changes … income (normalized by total assets) conditional to changes in key macro-financial risk factors. To map the linkages of net … trading income with financial risk factors and capture nonlinear effects, we implement a dynamic fixed effects quantile model …

Persistent link: https://www.econbiz.de/10012429194

An agent-based model for the assessment of LTV caps

Laliotis, Dimitrios; Buesa, Alejandro; Leber, Miha; … - 2019

We assess the effects of regulatory caps in the loan-to-value (LTV) ratio using agent-based models (ABMs). Our approach builds upon a straightforward ABM where we model the interactions of sellers, buyers and banks within a computational framework that enables the application of LTV caps. The...

Persistent link: https://www.econbiz.de/10012030228

Pensions and household savings : cross-country heterogeneity in Europe

D'Addio, Anna Cristina; Roger, Muriel; Savignac, … - 2020

We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD). First, we find significant displacement...

Persistent link: https://www.econbiz.de/10012156487

Risky assets in Europe and the US : risk vulnerability, risk aversion and economic environment

Bekhtiar, Karim; Fessler, Pirmin; Lindner, Peter - 2019

We use cross-country microdata to analyse the risk taking of households in Europe and the US. Concerning the extensive as well as the intensive margin of risky assets, European households differ substantially from US households; but also inside Europe we document substantial differences....

Persistent link: https://www.econbiz.de/10011997521