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1 - 8 van 8 voor bond house
disc160.pdf
... market might have left some individuals not aware of their passive gains on housing wealth. house prices decreased moderately in the netherlands as a result recession. 12 safe assets like annuities ... analyze if individuals actually retire on the planned retirement age. references arellano, m., and s. bond (1991) some tests of specification for panel data monte carlo evidence and an application to ...
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doc211.pdf
... from providers to borrowers in two ways directly, through financial markets such as money markets, bond markets, or equity markets, or indirectly through a financial intermediary, such as banks, money market ... percent of gdp. claessens et. al (2008) find that recessions associated with credit crunches and house price busts tend to be deeper and longer than other recessions. the median cumulative loss ...
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gamma simulation model ageing pensions and public finances pdf
... of return is also determined on the world market that is, the bond rate rb and the rate of return on equity rs are given. ... taxes on the transfer of the ownership of a house, taxes on the ownership and occupation of a house, inheritance taxes and a number of taxes yielding ... the debt-to-gdp ratio will in general explode in case of a bond rate larger than the growth rate. the debt to gdp ratio will ...
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linkages between financial and real sector economy pdf
... , 2005). still, the main wealth effect of monetary policy is via equity prices, not bond prices (craine and martin, 2003). compared to financial crises, monetary policy has only a ... than contemporaneous consumption. this establishes a direct link between the financial accelerator and consumption. if house prices fall, ceteris paribus, today, consumption declines today but is to rise steeper in ...
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memo115.pdf
... in firms ks h2 ks gga +ps cht +ds nba (1.72) net bond position of the government ss bg os vhs -fs acr (1.73) emu ... j,t) 1+rh(t+1) and j jr capital market the nominal bond rate rb(t) (1+rbr(t)) p(t) p(t rate of return ... income 60 6 total accounts table 6.1 the total accounts circular flow house- pension capital government foreign holds sector services taxes production firms sector goods -conp - ...
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memo227.pdf
... . this 3 figure 2.1 nominal payment flows pdivf households actuarial firms government foreign bond investment firms domestic aggregators production firms domestically produced good bundlers foreign produced good bundlers ... is that when a household dies, some mysterious (zero-profit) agency comes to their house and finds all of their cash holdings, which they then distribute across all remaining ...
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memo248.pdf
... table 2.4 total accounts circular flow for 2008; using functional classification (billions of euros) house- pension capital government firms foreign row holds sector services taxes production sector total goods investment ... the swap rate is assumed to be one percent-point larger than the bond rate. discounting with the lower bond rate should lead to too large pension liabilities given the observed ...
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Microsoft Word - discussion55.doc
... . this figure corresponded to the higher coefficient of the other two wealth terms (i.e. house ownership and residual wealth) but was still within the confidence interval. to generate a faster ... was replaced by a very simple equation, in which dutch short-term interest rates and bond yields tracked their german equivalents. the experiences gained with modelling monetary relations were then used ...
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