Hostname: page-component-8448b6f56d-c4f8m Total loading time: 0 Render date: 2024-04-23T10:40:14.820Z Has data issue: false hasContentIssue false

Consumption in the Euro Area

Published online by Cambridge University Press:  26 March 2020

Abstract

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Articles
Copyright
Copyright © 2006 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

∗We would like to thank Dawn Holland, Simon Kirby and Martin Weale for helpful comments.

References

Al-Eyd, A. J., Barrell, R., Davis, E. P., and Pomerantz, O. (2005), ‘Assessing the factors of resilience of private consumption in the Euro Area - a macroeconomic perspective’, a report submitted to DG-ECFIN by the National Institute of Economic and Social Research.Google Scholar
Al-Eyd, A. J., Barrell, R., and Holland, D. (2005), ‘The role of financial markets: openness in the transmission of shocks in Europe’, a paper prepared for The Financial Integration in Europe and the Propagation of Shocks: The Second Workshop and Policy Advisory Board Meeting, German Institute for Economic Research, Berlin, November 28, 2005.Google Scholar
Banerjee, A., Dolado, J. J., Galbraith, J. W. and Hendry, D. (1993), Co-integration, Error Correction, and the Econometric Analysis of Non-Stationary Data, OSO Monographs.CrossRefGoogle Scholar
Barrell, R. and Davis, E. P. (2004), ‘Financial liberalisation, consumption and wealth effects in 7 OECD Countries’, NIESR Discussion Paper No. 247.Google Scholar
Barrell, R., Choy, A., and Riley, R. (2003), ‘Consumption and housing wealth in the UK’, National Institute Economic Review, No. 186.Google Scholar
Lettau, M. and Ludvigson, S. (2004), ‘Understanding trend and cycle in asset values: re-evaluating the wealth effect on consumption’, American Economic Review, 94, pp. 276299.CrossRefGoogle Scholar