in the measurement of household welfare all material components should be covered, i.e. consumption, income and wealth … to household wealth using both survey data and financial accounts. It builds a link between wealth survey and national … household groups …

countries. We estimate the MPC based on a cross-country harmonized household level dataset which combines surveys on wealth …

countries. We estimate the MPC based on a cross-country harmonized household level dataset which combines surveys on wealth …

The results from the second wave of the Eurosysystem's Household Finance and Consumption Survey (HFCS) indicate that …

This paper studies the implications of household financial choices for the effects of monetary policy on consumption … heterogeneity in consumption responses, monetary policy, operating through its effects on household income and asset market returns …

document substantial heterogeneity across these dimensions. The median household in the euro area has a positive interest rate …

portfolios, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the … heterogeneity in household finances implies that responses of consumption to changes in the real interest rate and in house prices …

, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the heterogeneity in … household finances implies that responses of consumption to changes in the real interest rate and in house prices differ … substantially across countries, and within countries by household characteristics such as age, housing tenure, and asset positions …