How Important is Wealth for Explaining Household Consumption Over the Recent Crisis?: An Empirical Study for the United States, Japan and the Euro Area = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ?
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
no.869 |
| Schlagworte: | |
| Online-Zugang: | DE-862 DE-863 |
| 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. |
Internformat
MARC
| LEADER | 00000cam a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061249823 | ||
| 003 | DE-627-1 | ||
| 005 | 20241028113737.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2011 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/5kgc42qxm237-en |2 doi | |
| 035 | |a (DE-627-1)061249823 | ||
| 035 | |a (DE-599)KEP061249823 | ||
| 035 | |a (FR-PaOEC)5kgc42qxm237-en | ||
| 035 | |a (DE-627-1)061249823 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a C22 |2 jelc | ||
| 084 | |a E21 |2 jelc | ||
| 084 | |a E44 |2 jelc | ||
| 084 | |a D12 |2 jelc | ||
| 100 | 1 | |a Kerdrain, Clovis |e VerfasserIn |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 = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? |c Clovis, Kerdrain |
| 246 | 3 | 1 | |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 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers |v no.869 | |
| 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 | |
| 966 | 4 | 0 | |l DE-862 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/5kgc42qxm237-en |m X:OECD |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 966 | 4 | 0 | |l DE-863 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/5kgc42qxm237-en |m X:OECD |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC-ebook | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a BO | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-862 | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061249823 |
|---|---|
| _version_ | 1826942530067890176 |
| adam_text | |
| any_adam_object | |
| author | Kerdrain, Clovis |
| author_facet | Kerdrain, Clovis |
| author_role | aut |
| author_sort | Kerdrain, Clovis |
| author_variant | c k ck |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC ZDB-13-SOC-ebook |
| ctrlnum | (DE-627-1)061249823 (DE-599)KEP061249823 (FR-PaOEC)5kgc42qxm237-en |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02316cam a22004452 4500</leader><controlfield tag="001">ZDB-13-SOC-061249823</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20241028113737.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2011 xx |||||o 00| ||eng c</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">(DE-627-1)061249823</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061249823</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)5kgc42qxm237-en</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061249823</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">C22</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">E21</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">E44</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">D12</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Kerdrain, Clovis</subfield><subfield code="e">VerfasserIn</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 = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ?</subfield><subfield code="c">Clovis, Kerdrain</subfield></datafield><datafield tag="246" ind1="3" ind2="1"><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="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><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><subfield code="v">no.869</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="966" ind1="4" ind2="0"><subfield code="l">DE-862</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/5kgc42qxm237-en</subfield><subfield code="m">X:OECD</subfield><subfield code="x">Resolving-System</subfield><subfield code="z">lizenzpflichtig</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="4" ind2="0"><subfield code="l">DE-863</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/5kgc42qxm237-en</subfield><subfield code="m">X:OECD</subfield><subfield code="x">Resolving-System</subfield><subfield code="z">lizenzpflichtig</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC-ebook</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">BO</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-862</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061249823 |
| illustrated | Not Illustrated |
| indexdate | 2025-03-18T14:29:28Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-862 DE-BY-FWS DE-863 DE-BY-FWS |
| owner_facet | DE-862 DE-BY-FWS DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (52 Seiten) 21 x 29.7cm. |
| psigel | ZDB-13-SOC FWS_PDA_SOC ZDB-13-SOC ZDB-13-SOC-ebook |
| publishDate | 2011 |
| publishDateSearch | 2011 |
| publishDateSort | 2011 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spelling | Kerdrain, Clovis VerfasserIn 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 = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? 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. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.869 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 |
| 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 = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? 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 = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? |
| 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 = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? |
| 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 = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? |
| 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 = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? 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 = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? 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 = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? 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 quelle est l importance du patrimoine pour expliquer la consommation des menages au cours de la crise recente |
| title_sub | An Empirical Study for the United States, Japan and the Euro Area = Quelle est l'importance du patrimoine pour expliquer la consommation des ménages au cours de la crise récente ? |
| topic | Economics Euro Area Japan United States |
| topic_facet | Economics Euro Area Japan United States |
| work_keys_str_mv | AT kerdrainclovis howimportantiswealthforexplaininghouseholdconsumptionovertherecentcrisisanempiricalstudyfortheunitedstatesjapanandtheeuroareaquelleestlimportancedupatrimoinepourexpliquerlaconsommationdesmenagesaucoursdelacriserecente AT kerdrainclovis quelleestlimportancedupatrimoinepourexpliquerlaconsommationdesmenagesaucoursdelacriserecente |