J
Jiri Slacalek
Researcher at European Central Bank
Publications - 62
Citations - 2491
Jiri Slacalek is an academic researcher from European Central Bank. The author has contributed to research in topics: Consumption (economics) & Marginal propensity to consume. The author has an hindex of 24, co-authored 60 publications receiving 2191 citations. Previous affiliations of Jiri Slacalek include German Institute for Economic Research & The RiverBank.
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How Large are Housing and Financial Wealth Effects? A New Approach
TL;DR: In this article, a simple new method for measuring "wealth effects" on aggregate consumption is presented, which exploits the stickiness of consumption growth (sometimes interpreted as reflecting consumption 'habits') to distinguish between immediate and eventual wealth effects.
Journal ArticleDOI
How Large Are Housing and Financial Wealth Effects? A New Approach
TL;DR: In this article, a simple new method for measuring "wealth effects" on aggregate consumption is presented, which exploits the stickiness of consumption growth (sometimes interpreted as reflecting consumption 'habits' to distinguish between immediate and eventual wealth effects.
Journal ArticleDOI
Disagreement Among Forecasters in G7 Countries
TL;DR: The authors investigate determinants of disagreement about key economic indicators and find that credible monetary policy contributes to anchoring of expectations about inflation and interest rates, and that disagreement about economic activity, in particular about GDP growth, has a distinct dynamic from disagreement about prices: inflation and rates.
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Housing Finance in the Euro Area
Francesco Drudi,Petra Köhler-Ulbrich,Marco Protopapa,Jiri Slacalek,Christoffer Kok,Guido Wolswijk,Ramón Gómez Salvador,Ruth Magono,Nico Valckx,Elmar Stöss,Gerbert Hebbink,Karin Wagner,Zoltan Walko,Marie Denise Zachary,Silvia Magri,Laura Bartiloro,Paolo Emilio Mistrulli,Ioannis Asimakopoulos,Vasilis Georgakopoulos,Maria Kasselaki,Jorge Martínez Pagés,Romain Weber,Christiana Argyridou,Wendy Zammit,Nuno Ribeiro,Daniel Gabrielli,Nicola Doyle,Harri Hasko +27 more
TL;DR: In this paper, the authors analyse the main developments in housing finance in the euro area in the decade, covering the period from 1999 to 2007, and discuss the transmission of monetary policy to the economy.
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What Drives Personal Consumption? The Role of Housing and Financial Wealth
TL;DR: This paper investigated the effect of wealth on consumption in a new dataset with financial and housing wealth from 16 countries and found that consumption only barely reacts to wealth in some countries, but not for the US and UK.