contrast, monetary policy has only negligible effects on wealth inequality. …This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …

We analyse the effect of shocks to housing wealth and income before and after the Great Recession. We combine datasets … containing information on expenditure, income, wealth and debt in a synthetic panel to understand how household indebtedness … affects the response to income and wealth shocks.We find evidence for both a housing wealth effect and income shocks …

Keynesian (HANK) model. The model yields empirically realistic distributions of household wealth and marginal propensities to …

Keynesian (HANK) model. The model yields empirically realistic distributions of household wealth and marginal propensities to …

affects income and wealth inequality. We then illustrate quantitatively how various channels of transmission - net interest … composition of their income and on the components of their wealth. We first review the existing evidence on how monetary policy …

We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across … individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD …). First, we find significant displacement effects of mandatory pension wealth on non-pension financial wealth at the mean, and …