Consumption of durable goods in the euro area
André Casalis and
Economic Bulletin Articles, 2020, vol. 5
The article explores the behaviour and characteristics of durable goods consumption in the euro area, including an examination of the degree of heterogeneity among the euro area’s largest countries, and offers a perspective based on business cycle turning points. It also covers the relevance of financing conditions, including a specific focus on car purchases, as well as long-run trends in relative price and shares of durable goods in consumption. The analysis is complemented by insights from an empirical (structural VAR) model as described in Casalis and Krustev (2020, ECB Working Paper Series, No 2386), which sheds further light on the importance of durable goods-specific factors, alongside more traditional factors, in driving consumption. JEL Classification: E21, E32
Keywords: durable goods; euro area; Private consumption (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbart:2020:0005:1
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