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Activity Number: 395 - Connecting Parallel Universes
Type: Topic Contributed
Date/Time: Tuesday, July 30, 2019 : 2:00 PM to 3:50 PM
Sponsor: Survey Research Methods Section
Abstract #302982 Presentation
Title: HFCS Micro Simulation Model
Author(s): Miguel Ampudia* and Johannes Fleck
Companies: European Central Bank and European Central Bank
Keywords: microsimulation; survey data; macroprudential tools

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.

Authors who are presenting talks have a * after their name.

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