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Household wealth and consumption in the euro area

Author

Listed:
  • de Bondt, Gabe
  • Gieseck, Arne
  • Tujula, Mika

Abstract

This article focuses on household wealth in the euro area from a macroeconomic perspective. It describes developments in financial and non-financial wealth and their driving forces. The impact of wealth on private consumption is then discussed. It concludes with some monetary policy implications. JEL Classification: E21, E52

Suggested Citation

  • de Bondt, Gabe & Gieseck, Arne & Tujula, Mika, 2020. "Household wealth and consumption in the euro area," Economic Bulletin Articles, European Central Bank, vol. 1.
    • Handle: RePEc:ecb:ecbart:2020:0001:1
    Note: 337418
    as

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    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/articles/2020/html/ecb.ebart202001_01~6ce994a1f7.en.html
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    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. David Cronin & Kieran McQuinn, 2023. "The housing net worth channel and the public finances: evidence from a European country panel," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(5), pages 1251-1265, October.
    2. Carmela Aurora Attinà & Pierluigi Bologna, 2021. "TLAC-eligible debt: who holds it? A view from the euro area," Questioni di Economia e Finanza (Occasional Papers) 604, Bank of Italy, Economic Research and International Relations Area.
    3. Paul J. J. Welfens, 2020. "Trump’s Trade Policy, BREXIT, Corona Dynamics, EU Crisis and Declining Multilateralism," International Economics and Economic Policy, Springer, vol. 17(3), pages 563-634, July.
    4. Valentina Michelangeli & José-Luis Peydró & Enrico Sette, 2021. "Borrower versus Ban Channels in Lending: Experimental- and Administrative-Based Evidence," Working Papers 1307, Barcelona School of Economics.
    5. Peydró, José-Luis & Sette, Enrico & Michelangeli, Valentina, 2020. "Credit demand vs. supply channels: Experimental- and administrative-based evidence," CEPR Discussion Papers 15276, C.E.P.R. Discussion Papers.
    6. Domonkos, Tomas & Fisera, Boris & Siranova, Maria, 2023. "Income inequality as long-term conditioning factor of monetary transmission to bank rates," Economic Modelling, Elsevier, vol. 128(C).
    7. Valentina Michelangeli & José-Luis Peydró & Enrico Sette, 2020. "Credit Demand versus Supply Channels: Experimental- and Administrative-Based Evidence," Working Papers 1192, Barcelona School of Economics.

    More about this item

    Keywords

    euro area; Households; Private consumption; Wealth;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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