Showing 1 - 10 of 142
transfers to other sources of household wealth has had a sizeable effect on reducing the inequality of wealth. …
Persistent link: https://www.econbiz.de/10011605346
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that …
Persistent link: https://www.econbiz.de/10011605701
We revisit the transmission mechanism of monetary policy for household consumption in a Heterogeneous Agent New Keynesian (HANK) model. The model yields empirically realistic distributions of household wealth and marginal propensities to consume because of two key features: multiple assets with...
Persistent link: https://www.econbiz.de/10011605944
affects income and wealth inequality. We then illustrate quantitatively how various channels of transmission - net interest …
Persistent link: https://www.econbiz.de/10011916874
This paper studies the effect of deep recessions on intergenerational inequality by quantifying the welfare effects on …
Persistent link: https://www.econbiz.de/10012422171
homogeneous MPC rates. Consumption inequality is countercyclical in this setting and a high degree of leverage amplifies the …
Persistent link: https://www.econbiz.de/10012661618
We use household surveys to describe differences in wages, income, wealth and liquid assets of households born in their country of residence ("natives") vs. those born in other EU and non- EU countries ("immigrants"). The differences in wealth are more substantial than the differences in wages...
Persistent link: https://www.econbiz.de/10014278204
research to identify some of its key implications for labour markets, inequality, e-commerce and the financial system. Beyond … aggregate but changes their content; ii) tends to raise income and wealth inequality; iii) has ambiguous effects on competition …
Persistent link: https://www.econbiz.de/10014374597
contrast, monetary policy has only negligible effects on wealth inequality. …
Persistent link: https://www.econbiz.de/10012142034
The paper focuses on the measurement of the NAIRU (Non-Accelerating-Inflation-Rate-of-Unemployment) for the euro area and assesses the usefulness of different methodologies developed in the literature to estimate this unobservable variable at the aggregate level. After reviewing the theoretical...
Persistent link: https://www.econbiz.de/10011604063