Introducing the Distributional Wealth Accounts for euro area households

Nina Blatnik, Alina Bobasu, Georgi Krustev and Mika Tujula

Economic Bulletin Articles, 2024, vol. 5

Abstract: This article introduces the Distributional Wealth Accounts (DWA) developed by the European System of Central Banks and explores some of their main features and use cases. First, it describes the methodology behind DWA compilation, detailing data sources, estimation techniques and the significance of the dataset for economic analysis. It then highlights key stylised evidence on the changes in the wealth distribution of households over time and across countries. In this context, it highlights the heterogeneous portfolio composition and the varied effects of housing and financial asset prices on wealth accumulation, and their implications for inequality. Finally, the article investigates how the recent surge in inflation and the subsequent monetary policy tightening have affected the distribution of wealth. JEL Classification: E4, E44, E5, E52, G21

Keywords: Distributional Wealth Accounts; households; wealth inequality (search for similar items in EconPapers)
Date: 2024-07
Note: 2215397
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbart:2024:0005:2

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