How Important is Wealth for Explaining Household Consumption Over the Recent Crisis?: An Empirical Study for the United States, Japan and the Euro Area
This paper provides new empirical results linking financial and housing wealth to household consumption for the United States, Japan and the euro area. The results suggest that there are important cross-country differences in how wealth, especially housing wealth, affects consumption. They further d...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2011
|
| Schriftenreihe: | OECD Economics Department Working Papers
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper provides new empirical results linking financial and housing wealth to household consumption for the United States, Japan and the euro area. The results suggest that there are important cross-country differences in how wealth, especially housing wealth, affects consumption. They further demonstrate that it can be important to take into account wealth effects on consumption in short-term forecasting exercises, a point which is particularly well illustrated in relation to the recent economic crisis. In addition, conditional projections underline the importance of asset price developments and wealth in determining US savings over the medium term |
| Beschreibung: | 1 Online-Ressource (52 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5kgc42qxm237-en |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV047936674 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220413s2011 xx o|||| 00||| eng d | ||
| 024 | 7 | |a 10.1787/5kgc42qxm237-en |2 doi | |
| 035 | |a (ZDB-13-SOC)061249823 | ||
| 035 | |a (OCoLC)1312693955 | ||
| 035 | |a (DE-599)BVBBV047936674 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 |a DE-91 |a DE-473 |a DE-824 |a DE-29 |a DE-739 |a DE-355 |a DE-20 |a DE-1028 |a DE-1049 |a DE-188 |a DE-521 |a DE-861 |a DE-898 |a DE-92 |a DE-573 |a DE-19 | ||
| 100 | 1 | |a Kerdrain, Clovis |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a How Important is Wealth for Explaining Household Consumption Over the Recent Crisis? |b An Empirical Study for the United States, Japan and the Euro Area |c Clovis Kerdrain = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? : Une étude empirique appliquée aux États-Unis, au Japon et à la zone euro / Clovis Kerdrain |
| 246 | 1 | 3 | |a Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? |
| 264 | 1 | |a Paris |b OECD Publishing |c 2011 | |
| 300 | |a 1 Online-Ressource (52 Seiten) |c 21 x 29.7cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers | |
| 520 | |a This paper provides new empirical results linking financial and housing wealth to household consumption for the United States, Japan and the euro area. The results suggest that there are important cross-country differences in how wealth, especially housing wealth, affects consumption. They further demonstrate that it can be important to take into account wealth effects on consumption in short-term forecasting exercises, a point which is particularly well illustrated in relation to the recent economic crisis. In addition, conditional projections underline the importance of asset price developments and wealth in determining US savings over the medium term | ||
| 650 | 4 | |a Economics | |
| 650 | 4 | |a Euro Area | |
| 650 | 4 | |a Japan | |
| 650 | 4 | |a United States | |
| 856 | 4 | 0 | |u https://doi.org/10.1787/5kgc42qxm237-en |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033318168 | |
Datensatz im Suchindex
| _version_ | 1818806114632859648 |
|---|---|
| adam_text | |
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Kerdrain, Clovis |
| author_facet | Kerdrain, Clovis |
| author_role | aut |
| author_sort | Kerdrain, Clovis |
| author_variant | c k ck |
| building | Verbundindex |
| bvnumber | BV047936674 |
| collection | ZDB-13-SOC |
| ctrlnum | (ZDB-13-SOC)061249823 (OCoLC)1312693955 (DE-599)BVBBV047936674 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/5kgc42qxm237-en |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000zc 4500</leader><controlfield tag="001">BV047936674</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220413s2011 xx o|||| 00||| eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/5kgc42qxm237-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-13-SOC)061249823</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1312693955</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV047936674</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-1028</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-861</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Kerdrain, Clovis</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">How Important is Wealth for Explaining Household Consumption Over the Recent Crisis?</subfield><subfield code="b">An Empirical Study for the United States, Japan and the Euro Area</subfield><subfield code="c">Clovis Kerdrain = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? : Une étude empirique appliquée aux États-Unis, au Japon et à la zone euro / Clovis Kerdrain</subfield></datafield><datafield tag="246" ind1="1" ind2="3"><subfield code="a">Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ?</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2011</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (52 Seiten)</subfield><subfield code="c">21 x 29.7cm</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Economics Department Working Papers</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">This paper provides new empirical results linking financial and housing wealth to household consumption for the United States, Japan and the euro area. The results suggest that there are important cross-country differences in how wealth, especially housing wealth, affects consumption. They further demonstrate that it can be important to take into account wealth effects on consumption in short-term forecasting exercises, a point which is particularly well illustrated in relation to the recent economic crisis. In addition, conditional projections underline the importance of asset price developments and wealth in determining US savings over the medium term</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Euro Area</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Japan</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">United States</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1787/5kgc42qxm237-en</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033318168</subfield></datafield></record></collection> |
| id | DE-604.BV047936674 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:35:06Z |
| indexdate | 2024-12-18T19:04:37Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033318168 |
| oclc_num | 1312693955 |
| open_access_boolean | 1 |
| owner | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| owner_facet | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| physical | 1 Online-Ressource (52 Seiten) 21 x 29.7cm |
| psigel | ZDB-13-SOC |
| publishDate | 2011 |
| publishDateSearch | 2011 |
| publishDateSort | 2011 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spelling | Kerdrain, Clovis Verfasser aut How Important is Wealth for Explaining Household Consumption Over the Recent Crisis? An Empirical Study for the United States, Japan and the Euro Area Clovis Kerdrain = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? : Une étude empirique appliquée aux États-Unis, au Japon et à la zone euro / Clovis Kerdrain Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? Paris OECD Publishing 2011 1 Online-Ressource (52 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper provides new empirical results linking financial and housing wealth to household consumption for the United States, Japan and the euro area. The results suggest that there are important cross-country differences in how wealth, especially housing wealth, affects consumption. They further demonstrate that it can be important to take into account wealth effects on consumption in short-term forecasting exercises, a point which is particularly well illustrated in relation to the recent economic crisis. In addition, conditional projections underline the importance of asset price developments and wealth in determining US savings over the medium term Economics Euro Area Japan United States https://doi.org/10.1787/5kgc42qxm237-en Verlag kostenfrei Volltext |
| spellingShingle | Kerdrain, Clovis How Important is Wealth for Explaining Household Consumption Over the Recent Crisis? An Empirical Study for the United States, Japan and the Euro Area Economics Euro Area Japan United States |
| title | How Important is Wealth for Explaining Household Consumption Over the Recent Crisis? An Empirical Study for the United States, Japan and the Euro Area |
| title_alt | Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? |
| title_auth | How Important is Wealth for Explaining Household Consumption Over the Recent Crisis? An Empirical Study for the United States, Japan and the Euro Area |
| title_exact_search | How Important is Wealth for Explaining Household Consumption Over the Recent Crisis? An Empirical Study for the United States, Japan and the Euro Area |
| title_exact_search_txtP | How Important is Wealth for Explaining Household Consumption Over the Recent Crisis? An Empirical Study for the United States, Japan and the Euro Area |
| title_full | How Important is Wealth for Explaining Household Consumption Over the Recent Crisis? An Empirical Study for the United States, Japan and the Euro Area Clovis Kerdrain = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? : Une étude empirique appliquée aux États-Unis, au Japon et à la zone euro / Clovis Kerdrain |
| title_fullStr | How Important is Wealth for Explaining Household Consumption Over the Recent Crisis? An Empirical Study for the United States, Japan and the Euro Area Clovis Kerdrain = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? : Une étude empirique appliquée aux États-Unis, au Japon et à la zone euro / Clovis Kerdrain |
| title_full_unstemmed | How Important is Wealth for Explaining Household Consumption Over the Recent Crisis? An Empirical Study for the United States, Japan and the Euro Area Clovis Kerdrain = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? : Une étude empirique appliquée aux États-Unis, au Japon et à la zone euro / Clovis Kerdrain |
| title_short | How Important is Wealth for Explaining Household Consumption Over the Recent Crisis? |
| title_sort | how important is wealth for explaining household consumption over the recent crisis an empirical study for the united states japan and the euro area |
| title_sub | An Empirical Study for the United States, Japan and the Euro Area |
| topic | Economics Euro Area Japan United States |
| topic_facet | Economics Euro Area Japan United States |
| url | https://doi.org/10.1787/5kgc42qxm237-en |
| work_keys_str_mv | AT kerdrainclovis howimportantiswealthforexplaininghouseholdconsumptionovertherecentcrisisanempiricalstudyfortheunitedstatesjapanandtheeuroarea AT kerdrainclovis quelleestlimportancedupatrimoinepourexpliquerlaconsommationdesmenagesaucoursdelacriserecente |