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Consumer savings behaviour at low and negative interest rates
Felici, Marco; Kenny, Geoff; Friz, Roberta - 2022
We study interest rates transmission to savings at low and negative rates. Exploiting cohorts of consumers from a data-rich multi-country survey, we show how the strength of interest rate transmission to savings varies with the level of nominal interest rates. This response is positive when...
Persistent link: https://www.econbiz.de/10013375223
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Euro area private consumption : is there a role for housing wealth effects?
Skudelny, Frauke - 2009
housing wealth effects for the euro area. We use two macro-datasets for our estimations, one on the aggregate euro area for … the period 1980-2006, and one on the individual euro area countries from1995-2006, using panel data techniques. The impact … of all wealth variables on euro area consumption is significant and positive in most specifications for both datasets …
Persistent link: https://www.econbiz.de/10003866560
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Consumer confidence as a predictor of consumption spending : evidence for the United States and the euro area
Dées, Stéphane; Soares Brinca, Pedro - 2011
sentiment and consumption expenditures for the United States and the euro area. It shows under which circumstances confidence … transmission of shocks, as U.S. confidence indices lead consumer sentiment in the euro area. - Consumer Confidence ; Consumption …
Persistent link: https://www.econbiz.de/10009160013
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Household risk management and actual mortgage choice in the euro area
Ehrmann, Michael; Ziegelmeyer, Michael - 2014
Persistent link: https://www.econbiz.de/10010239894
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The rationality of consumers' inflation expextations : survey-based evidence from the euro-area
Forsells, M. (contributor); Kenny, G. (contributor) - 2002
Persistent link: https://www.econbiz.de/10001702812
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Inflation expectations, consumption and the lower bound : micro evidence from a large euro area survey
Duca, Ioana A.; Kenny, Geoff; Reuter, Andreas - 2018
inflation expectations and consumer spending. We document that for the Euro Area and almost all of its constituent countries …
Persistent link: https://www.econbiz.de/10011928923
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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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Cyclical drivers of euro area consumption : what can we learn from durable goods?
Casalis, André; Krustev, Georgi - 2020
We study the cyclical dynamics of consumption in the euro area (EA) and the large EA countries by distinguishing … main findings are: (i) durables react faster and more strongly than nondurables after monetary shocks in the euro area and …
Persistent link: https://www.econbiz.de/10012197836
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Subsidising car purchases in the euro area : any spill-over on production?
Paredes, Joan - 2017
Due to input-output linkages, an industry level shock can widely transmit to the rest of the economy. We identify government policies on the automobile industry, which change final prices and estimate their effect on sales and production. An example could be the scrappage schemes that many...
Persistent link: https://www.econbiz.de/10011710106
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Consumption effects of job loss expectations : new evidence for the euro area
Silva, António Dias da; Rusinova, Desislava; Weißler, … - 2023
Probabilistic job loss expectations elicited in the Consumer Expectations Survey have predictive power for future job loss. We find that an unexpected job loss leads to a negative consumption response, while this effect is muted for workers with ex-ante job loss expectations - consistent with...
Persistent link: https://www.econbiz.de/10014315230