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Despite crises, the stability of the euro is rooted in the middle class
Bayer, Christian; Kriwoluzky, Alexander; Müller, Gernot J. - In: DIW weekly report : economy, politics, science : a … 13 (2023) 29/31, pp. 217-222
In the 24 years since its introduction, the euro has experienced a financial crisis, a government debt crisis, a global pandemic, and an energy crisis-and survived. Using a model focusing on households, this Weekly Report shows that the monetary union’s stability is rooted in the fact that the...
Persistent link: https://www.econbiz.de/10014362756
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Monetary policy and the redistribution channel in the euro area
Pekanov, Atanas - 2024
obtain a representative euro area dataset with detailed information on household balance sheets and consumption. I use a … revised from the standard model - the redistribution channel with household heterogeneity makes up 14 percent of the total …
Persistent link: https://www.econbiz.de/10014545241
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Household inequality and the transmission of QU in euro area countries
Krenz, Johanna; Tsiaras, Stylianos - 2024
We estimate the dynamic effects of a high-frequency identified unionwide quantitative easing (QE) shock on real GDP, inflation and unemployment in all euro area countries. We document that the effects of QE are very heterogenous across countries as regards size, significance and timing,...
Persistent link: https://www.econbiz.de/10014631216
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The interest rate exposure of euro area households
Tzamourani, Panagiota - 2019
document substantial heterogeneity across these dimensions. The median household in the euro area has a positive interest rate …
Persistent link: https://www.econbiz.de/10011963126
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Distributional consequences of asset price inflation in the euro area
Adam, Klaus; Tzamourani, Panagiota - 2015
households using data from the Household Finance and Consumption Survey (HFCS). The capital gains from bond price and equity … price increases turn out to be concentrated among relatively few households, while the median household strongly benefits … from housing price increases. The capital gains from bond price increases (relative to household net wealth) do not …
Persistent link: https://www.econbiz.de/10011316626
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How Much Does the Public Know about the ECB's Monetary Policy? Evidence from a Survey of Dutch Households
van der Cruijsen, Carin - 2011
Does the general public know what central banks do? Is this kind of knowledge relevant? Using a survey of Dutch households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge on the ECB's objectives is far from perfect. Both a weak...
Persistent link: https://www.econbiz.de/10013132595
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How Much Does the Public Know About the ECB's Monetary Policy? Evidence from a Survey of Duch Households
van der Cruijsen, Carin - 2011
Does the general public know what central banks do? Is this kind of knowledge relevant? Using a survey of Dutch households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge on the ECB's objectives is far from perfect. Both a weak...
Persistent link: https://www.econbiz.de/10013119263
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The credibility of the ECB's inflation target in times of Corona : new evidence from an online survey
Coleman, Winnie; Nautz, Dieter - 2020 - This version: June 8, 2020
Evidence on the credibility of a central bank's inflation target typically refers to the anchoring of survey-based measures of inflation expectations. However, both the survey question and the anchoring criteria are only loosely connected to the actual inflation target used in monetary policy...
Persistent link: https://www.econbiz.de/10012225643
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Survey on Germans' attitudes towards and knowledge of monetary policy issues : documentation of survey methodology and descriptive results
Hayo, Bernd; Neuenkirch, Edith - 2018 - This version: 14 June 2018
This paper provides background information, questionnaires, and basic descriptive statistics for a representative survey of the German population conducted on our behalf by GfK in 2011. Our aim is to discover the German public's knowledge about the ECB specifically, and monetary policy in...
Persistent link: https://www.econbiz.de/10011862187
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How Does Monetary Policy Affect Income and Wealth Inequality? Evidence from Quantitative Easing in the Euro Area
Lenza, Michele; Slacalek, Jiri - 2021
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/10013315393