, income and consumption. We use panel regressions and an instrumental variable approach. First, our panel-based MPC estimates …. Fifth, we find evidences that housing prices shock decreases consumption inequality while financial wealth shocks have a …This paper studies the heterogeneity of the marginal propensity to consume out of wealth (MPC) both across and within …

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 …This study extends a thick modelling tool for aggregated euro area real private consumption of de Bondt et al. (2019 …