Template-Type: ReDIF-Paper 1.0
Author-Name: Zlatina Balabanova
Author-X-Name-First: Zlatina
Author-X-Name-Last: Balabanova
Author-Name: Maureen Ruben van der Helm
Author-X-Name-First: van der Helm
Title: Enhancing euro area capital stock estimates
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.
Length: 26 pages
Creation-Date: 2015-03
File-URL: https://www.bis.org/ifc/publ/ifcwork13.pdf
File-Format: Application/pdf
File-Function: Full PDF document
File-URL: https://www.bis.org/ifc/publ/ifcwork13.htm
File-Format: text/html
Number: 13
Classification-JEL: C33, C82, E02, E22
Keywords: Capital stock, household housing wealth, perpetual inventory method, constrained optimization, euro area, institutional sector
Handle: RePEc:bis:bisiwp:13