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Enhancing euro area capital stock estimates

Author

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  • Zlatina Balabanova
  • Maureen Ruben van der Helm

Abstract

Official euro area wide statistics on capital stock and its breakdowns by asset types and sectors are not yet available, but very useful for economic and financial stability analysis. This paper proposes a constrained optimization model with the help of which a full cross-sector classification of capital stock by non-financial asset type is estimated. The model is applied for the estimation of capital stock by institutional sector, including households' housing stock and households' housing wealth both for the euro area and euro area Member States currently not estimating and/or publishing such data.

Suggested Citation

  • Zlatina Balabanova & Maureen Ruben van der Helm, 2015. "Enhancing euro area capital stock estimates," IFC Working Papers 13, Bank for International Settlements.
    • Handle: RePEc:bis:bisiwp:13
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    References listed on IDEAS

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    Cited by:

    1. Jean-Charles BRICONGNE & Alessandro TURRINI & Peter PONTUCH, 2019. "Assessing House Prices: Insights from HouseLev, a Dataset of Price Level Estimates," LEO Working Papers / DR LEO 2675, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.

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    More about this item

    Keywords

    Capital stock; household housing wealth; perpetual inventory method; constrained optimization; euro area; institutional sector;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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