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dc.contributor.authorRío Lopezosa, Ana del
dc.contributor.authorCuenca Morales, José Antonio
dc.coverage.spatialZona euro
dc.date.accessioned2020-12-21T20:13:37Z
dc.date.available2020-12-21T20:13:37Z
dc.date.issued2020-12-21
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/14449
dc.descriptionArtículo de revista
dc.description.abstractThis article assesses the immediate impact the first wave of the pandemic had on euro area household income, consumption and saving, both at the aggregate level and for the main economies in the area. Drawing on the institutional sector accounts, with information to Q2, there was a contained decline in household income, despite the worsening labour market, thanks to the speed and extensive scope of the economic policy measures approved. However, the collapse in consumption during the lockdown meant that saving rebounded in an extraordinary fashion. The outbreak of the second wave and uncertainty over the scale of the economic impact will contribute, for some time longer, to saving remaining relatively high and to the accumulated reservoir of private saving not fully materialising in the form of greater expenditure.
dc.format.extent12 p.
dc.language.isoeng
dc.publisherBanco de España
dc.relation.ispartofEconomic bulletin / Banco de España. Analytical articles
dc.relation.ispartofEconomic bulletin / Banco de España [Artículos], n. 4, 2020
dc.relation.hasversionVersión en español 123456789/14450
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectHouseholds
dc.subjectIncome
dc.subjectConsumption
dc.subjectSaving
dc.subjectPandemic
dc.subjectEconomy of the European Union
dc.subjectEconomic situation
dc.titleEuro area household income and saving during the first wave of the pandemic
dc.typeArtículo
dc.identifier.bdebib000470644
dc.identifier.bdepubECBU-2020-4B-art43
dc.subject.bdeConsumo y ahorro
dc.subject.bdeCapital e inversión
dc.subject.bdeDistribución de las rentas y riquezas de las personas
dc.publisher.bdeMadrid : Banco de España, 2020
dc.subject.jelE21
dc.subject.jelE22
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