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This paper studies the heterogeneity of the marginal propensity to consume out of wealth (MPC) both across and within countries. We estimate the MPC based on a cross-country harmonized household level dataset which combines surveys on wealth, income and consumption. We use panel regressions and...
Persistent link: https://www.econbiz.de/10012139739
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We study the cyclical dynamics of consumption in the euro area (EA) and the large EA countries by distinguishing … main findings are: (i) durables react faster and more strongly than nondurables after monetary shocks in the euro area and …
Persistent link: https://www.econbiz.de/10012197836
Although euro banknotes and coins have been in circulation for fifteen years, not much is known about the actual use of … cash by households. This paper presents an estimation of the number and value of cash transactions in all 19 euro area … countries in 2016, based on survey results. It presents an extensive description of how euro area consumers pay at points of …
Persistent link: https://www.econbiz.de/10011752271
Due to input-output linkages, an industry level shock can widely transmit to the rest of the economy. We identify government policies on the automobile industry, which change final prices and estimate their effect on sales and production. An example could be the scrappage schemes that many...
Persistent link: https://www.econbiz.de/10011710106
Persistent link: https://www.econbiz.de/10012219468
Persistent link: https://www.econbiz.de/10014535779
Due to input-output linkages, an industry level shock can widely transmit to the rest of the economy. We identify government policies on the automobile industry, which change final prices and estimate their effect on sales and production. An example could be the scrappage schemes that many...
Persistent link: https://www.econbiz.de/10012949115
Medium-term inflation expectations of the public are a key variable of interest to any modern central bank responsible for price stability. Using the new ECB Consumer Expectations Survey, this paper investigates revisions of medium-term inflation expectations. We provide robust evidence that...
Persistent link: https://www.econbiz.de/10014237433
Persistent link: https://www.econbiz.de/10014248806