Report

How is wealth divided between public debt, corporate capital, housing capital and net external assets?

The total wealth of a country is the sum of: Public debt; Corporate capital; Housing capital; Net external assets (if there is net external debt, a portion of the components of wealth belongs to non-residents). We seek to determine how the wealth of the United States, the euro zone and Japan is divided between these different components. The interesting results of this analysis are: The proportion of non-housing capital in total wealth is significantly higher in the United States than in the euro zone or Japan; Productivity growth has consistently been much stronger in the United States than in the euro zone or Japan.
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Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

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