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 … contrast, monetary policy has only negligible effects on wealth inequality. …

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 …

We study taxable wealth in unique Swedish administrative data, annually following a large sample of households over a … period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level …. This implies that much of the focus of the paper is on the rich, since we are confined to those whose wealth becomes …

-simulations to investigate heterogeneity in the euro area. We quantify shocks to wealth, income and financial pressure faced by … affected the income-poor, while the declining wealth the income-rich. Although borrowers benefited from the substantial … consumption growth driven by both rich and poor households: while the former were hit by large shocks to wealth, the latter also …