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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/10011921470
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
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
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
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
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
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
sovereign risk of Italy over the last five years. More than fifty events concerning non-standard operations are identified and … of Italy. …
Persistent link: https://www.econbiz.de/10009783711
, government bond yields and credit availability and then map them onto macroeconomic implications using the Bank of Italy …
Persistent link: https://www.econbiz.de/10013057597
The aim of the present article is twofold. Firstly, to put the German Federal Constitutional Court (i.e., the BverfG) judgment into the context of a drawn-out conflict between the German Republic and the European Union regarding the setting up of a crisis management tool in the area of monetary...
Persistent link: https://www.econbiz.de/10012984451