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How does monetary policy affect income and wealth inequality? : evidence from quantitative easing in the euro area
Lenza, Michele; Slacalek, Jirka - 2018
This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …-form simulation on micro data from the Household Finance and Consumption Survey, capturing the income composition, the portfolio …
Persistent link: https://www.econbiz.de/10011921470
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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
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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
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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
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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
, 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
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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
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Navigating the housing channel of monetary policy across euro area regions
Battistini, Niccolò; Falagiarda, Matteo; Hackmann, Angelina - 2022
lower labour income and more widespread homeownership. An expansionary monetary policy can thus be effective in mitigating …
Persistent link: https://www.econbiz.de/10013448726
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Immigrants and the distribution of income and wealth in the euro area : first facts and implications for monetary policy
Dossche, Maarten; Kolndrekaj, Aleksandra; Propst, Maximilian - 2022
We use household surveys to describe differences in wages, income, wealth and liquid assets of households born in their … "hand-to-mouth" (holding liquid assets worth less than two weeks of income), the corresponding share is 20% for households …
Persistent link: https://www.econbiz.de/10013367109
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Who bears the costs of inflation? : euro area households and the 2021-2022 shock
Pallotti, Filippo; Paz Pardo, Gonzalo; Slacalek, Jirka; … - 2023
-expressed as a share of 2021-22 income- were larger than a typical recession, and heterogeneous, e.g., 3% in France and 8% in Italy …
Persistent link: https://www.econbiz.de/10014483008
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Understanding inter-industry wage structures in the euro area
Genre, Véronique; Kohn, Karsten; Momferatou, Daphne - 2009
This paper focuses on the euro area wage structure and its potential determinants from a sectoral viewpoint. Merging information from the OECD Structural Analysis database with data from the EU Labour Force Survey, we construct a cross-country panel of 22 industries in 8 euro area countries for...
Persistent link: https://www.econbiz.de/10003832004