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Activity Number:
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395
- Connecting Parallel Universes
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Type:
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Topic Contributed
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Date/Time:
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Tuesday, July 30, 2019 : 2:00 PM to 3:50 PM
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Sponsor:
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Survey Research Methods Section
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Abstract #302982
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Presentation
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Title:
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HFCS Micro Simulation Model
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Author(s):
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Miguel Ampudia* and Johannes Fleck
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Companies:
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European Central Bank and European Central Bank
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Keywords:
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microsimulation;
survey data;
macroprudential tools
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Abstract:
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We combine survey data (Household Finance and Consumption Survey and Household Budget Survey) with national accounts data in a micro simulation framework which allows us to “create” higher frequency survey data. Employment dynamics are explicitly model based on micro data, as well as households consumption/saving decisions and evolution of indebtedness. We use the model to evaluate the effect of macro prudential policies on households balance sheets.
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Authors who are presenting talks have a * after their name.
