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Sturen naar vermogen: De vermogensopbouw bezien vanuit de levensloop
Publication (in Dutch only)De verscheidenheid van vermogens van Nederlandse huishoudens: update
Publication (in Dutch only)Staatsrente kan snel hoger worden dan de groei
Article (in Dutch only)Geld lenen kost geld. Dat geldt ook voor de overheid: hoe hoger de rentestand, hoe hoger de kosten van lenen. De kosten van de overheidsschulden staan weer in de schijnwerpers als gevolg van de coronacrisis en de steunpakketten. Maar rentestanden vertellen niet het hele verhaal, want de belastinginkomsten van de overheid groeien mee met de economie. Zolang de rentestand lager is dan de groei, kan de overheid de kosten van haar schuld gemakkelijker dragen. →
Estimation of the Financial Cycle with a Rank-Reduced Multivariate State-Space Model
PublicationWe propose a model-based method to estimate a unique financial cycle based on a rank-restricted multivariate state-space model. This permits us to use mixed-frequency data, allowing for longer sample periods. In our model the financial cycle dynamics are captured by an unobserved trigonometric cycle component. →
Are the savings of Dutch households optimal?
PublicationDutch households (implicitly) have an unusual mix of assets. Particularly their high level of mortgage debts and pension entitlements stand out in an international context. In this paper we examine how Dutch household wealth compares to the theoretically optimum. In general we find that Dutch households do not save too much. At retirement age, the median optimum assets are roughly the same as the median observed net assets of Dutch households. However the differences between households can be substantial. in particular have more assets than is optimal according to the model. Their observed wealth remains constant or sometimes even increases after retirement. →
Estimates of the Financial Cycle for Advanced Economies
PublicationUntil recently, macroeconomic theory provided at most a small role for the financial system to influence the real economy. This changed with the collapse of Lehman Brothers in 2008 and the financial crisis which followed. Financial quantities such as outstanding credit and house prices are now believed to have real macroeconomic effects. In order to study these effects we need to quantify the influence of the financial system. The financial cycle, characterized by long period cyclical movements in financial variables, may provide such a measure. →
De verscheidenheid van vermogens van huishoudens
Publication (in Dutch only)De verschillen tussen huishoudens zijn groot als het gaat om vermogens en schulden. In deze notitie brengen we de heterogeniteit tussen huishoudens in kaart. We bekijken de verschillende componenten in samenhang, inclusief de pensioenvermogens. We hebben de huishoudens ingedeeld naar leeftijd, naar arbeidssituatie (werknemer of zelfstandig) en naar woonsituatie (eigen woning of huur). →
Authors
- Rob Luginbuhl (15)
- Adam Elbourne (6)
- Bert Smid (5)
- Nicoleta Ciurila (3)
- Rutger Teulings (3)
- Beau Soederhuizen (2)
- Bert Kramer (2)
- Harro van Heuvelen (2)
- Leon Bettendorf (2)
- Yvonne Adema (2)
- Alice Zulkarnain (1)
- Bas Scheer (1)
- Douwe Kingma (1)
- Gerdien Meijerink (1)
- Joris de Wind (1)
- Katarzyna Grabska (1)
- Kees Folmer (1)
- Sonny Kuijpers (1)
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