À la lumière des informations issues des enquêtes Patrimoine 2004 et 2010 de l’INSEE et des évaluations des comptes nationaux financiers établis par la Banque de France, l’article propose une première analyse des ajustements patrimoniaux des ménages français depuis 2007.

L’actualité récente liée à la crise économique et financière soulève des questions importantes sur ses conséquences en matière patrimoniale et sur les comportements d’épargne des Français.

Constantinides and Duffie (1996) show that for idiosynratic risk to matter for asset pricing the shocks must (i) be highly persistent and (ii) become more volatile during economic contractions. We show that data from the Panel Study on Income Dynamics (PSID) are consistent with these...

The household National Account published by the national statistical office presents a picture of the income, consumption and savings of households. It gives a measure of purchasing power within a consistent and integrated framework, which allows comparisons between countries. It is designed at...

In recent years, the dynamics of M3 in the euro area have been driven by two factors: a strong preference for liquidity, observed between 2001 and 2003, followed by a normalisation, at a relatively moderate pace, of portfolio behaviour; as regards the counterparts, changes in M3 and net external...