Estimating non-financial assets by institutional sector for the euro area

Zlatina Hofmeister and Ruben van der Helm

No 23, Statistics Paper Series from European Central Bank

Abstract: Official euro area-wide statistics on the capital stock and its breakdowns by asset type and sector are not yet available, but would be very useful for economic and financial stability analysis. This paper proposes a constrained optimisation model with the help of which a full cross-sector classification of the capital stock by non-financial asset type can be estimated. The model is applied for the estimation of the capital stock by institutional sector, including households’ non-financial asset types and housing wealth, both for the euro area as a whole and for euro area countries currently not estimating and/or publishing such data. JEL Classification: C33, C82, E02, E22

Keywords: capital stock; constrained optimisation; euro area; households’ housing wealth; institutional sector; Perpetual Inventory Method (search for similar items in EconPapers)
Date: 2017-05
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbsps:201723

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