Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/175533
Authors: 
Hofmeister, Zlatina
Van der Helm, Ruben
Year of Publication: 
2017
Series/Report no.: 
ECB Statistics Paper 23
Abstract: 
Official euro area-wide statistics on the capital stock and its breakdowns by asset type and sector are not yet available, but would be very useful for economic and financial stability analysis. This paper proposes a constrained optimisation model with the help of which a full cross-sector classification of the capital stock by non-financial asset type can be estimated. The model is applied for the estimation of the capital stock by institutional sector, including households' non-financial asset types and housing wealth, both for the euro area as a whole and for euro area countries currently not estimating and/or publishing such data.
Subjects: 
capital stock
households' housing wealth
Perpetual Inventory Method
constrained optimisation
euro area
institutional sector
JEL: 
C33
C82
E02
E22
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-2837-3
Document Type: 
Working Paper
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