Addressing climate change and the collapse of ecosystems without threatening the
economy, while simultaneously improving the well-being of all people and ensuring social …

This paper attempts to provide an answer to the question whether the recent surge in US
real estate prices is fundamentally driven, or whether the current situation reflects bubble …

We identify pressures on the SGP that stem from asymmetries in economic behaviour and
macroeconomic policy in the euro area. The asymmetry in the way the euro economy …

The paper examines the asymmetric transmission effects of financial assets, liabilities, and
housing wealth on consumption in Greece, during the period 1999Q4–2017Q4 by applying …

The recent global financial crisis represents a serious threat to the growth of economies.
This crisis deeply affects the real economy through a phenomenon known as the wealth …

This paper analyzes the effects of residential and financial wealth on consumption from
another point of view. Instead of specifying an idiosyncratic shock on each type of wealth, in …

Abstract A dynamic IS‐LM model including houses and stocks as additional assets will be
analysed in this paper. Providing also housing services, a major consumption item for most …

In this article the effect on consumption of a fall in housing wealth and housing prices,
resulting from an increase in interest rates is estimated. With the help of a dynamic …

This paper complements the existing literature on the relationship between uncertainty and
private consumption expenditure for a panel of 14-euro area countries over the period 1997 …

Using quarterly data for the period since 1987 this paper explores, in the context of a small
model of the EU economy, the degree to which monetary policy has been asymmetric. It …