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The Household Finance and Consumption Survey : results from the second wave
Europäische Zentralbank / Eurosystem Household Finance … - 2016
Persistent link: https://www.econbiz.de/10011664050
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Is the financial market driving income distribution? : an analysis of the linkage between income and wealth in Europe
Kavonius, Ilja Kristian; Törmälehto, Veli-Matti - 2022
/labour shares) have not been fully transmitted to the distribution of primary income between households because other institutional …
Persistent link: https://www.econbiz.de/10013337381
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Why do Europeans save? : micro-evidence from the household finance and consumption survey
Horioka, Charles; Ventura, Luigi - 2024
In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and … most important saving motive of European households when the proportion of households saving for each motive is used as the … criterion to rank them but that the retirement motive is the most important saving motive of European households if the …
Persistent link: https://www.econbiz.de/10015047840
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The output composition puzzle
Angeloni, Ignazio; Kashyap, Anil K.; Mojon, Benoît; … - 2003
We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but differ noticeably as to the composition of output changes. In the euro area investment is the...
Persistent link: https://www.econbiz.de/10009635907
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Consumption, habit persistence, imperfect information and the lifetime budget constraint
Willman, Alpo - 2003
Based on the householdsu0092 utility maximisation, a closed form approximation of the consumption function is derived and the deep parameters of the consumption function are estimated using aggregate euro area data. The novel element in our approach is the parameterisation of the information...
Persistent link: https://www.econbiz.de/10009635925
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Returns to education in Europe : detailed results from a harmonized survey
Middendorf, Torge (contributor) - 2008
We use the European Community Household Panel, a harmonized data set covering the countries of the European Union, to provide detailed estimates of the returns to education. Our results can be summarized as follows. Firstly, average returns to education have been mostly stable during the second...
Persistent link: https://www.econbiz.de/10003745081
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Euro area private consumption : is there a role for housing wealth effects?
Skudelny, Frauke - 2009
This paper adds to the literature on wealth effects on consumption by disentangling financial wealth effects from 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...
Persistent link: https://www.econbiz.de/10003866560
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Unemployment and portfolio choice : does persistence matter?
Kuzin, Vladimir; Bremus, Franziska M. - 2010
decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout …
Persistent link: https://www.econbiz.de/10003934763
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Balance sheet interlinkages and macro-financial risk analysis in the Euro area
Kavonius, Ilja Kristian; Castrén, Olli - 2009
The financial crisis has highlighted the need for models that can identify counterparty risk exposures and shock transmission processes at the systemic level. We use the euro area financial accounts (flow of funds) data to construct a sector-level network of bilateral balance sheet exposures and...
Persistent link: https://www.econbiz.de/10003969268
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Fiscal policy in the EU in the crisis : a model-based approach
Székely, István P.; Röger, Werner; Veld, Jan in 't - 2011
This paper uses a multi region DSGE model with collateral constrained households and residential investment to examine … results obtained in the literature on fiscal policy which generally do not consider credit constrained households. -- Fiscal …
Persistent link: https://www.econbiz.de/10008906582