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Introducing the Distributional Wealth Accounts for euro area households

Author

Listed:
  • Blatnik, Nina
  • Bobasu, Alina
  • Krustev, Georgi
  • Tujula, Mika

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

Suggested Citation

  • Blatnik, Nina & Bobasu, Alina & Krustev, Georgi & Tujula, Mika, 2024. "Introducing the Distributional Wealth Accounts for euro area households," Economic Bulletin Articles, European Central Bank, vol. 5.
    • Handle: RePEc:ecb:ecbart:2024:0005:2
    Note: 2215397
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    More about this item

    Keywords

    Distributional Wealth Accounts; households; wealth inequality;
    All these keywords.

    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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