evolution of wealth inequality measures. Our findings suggest that expansionary monetary policy shocks lead to an increase in … wealth inequality and contributed significantly to its fluctuations. This effect is heterogenous across the wealth … right tail. Our results suggest that the shock is transmitted through changes in net property and financial wealth that …

account for the observed default and leverage dynamics. Following an adverse aggregate shock, banks deleverage through two …

Epstein-Zin preferences to study the volatility implications of a monetary policy shock. An unexpected increases in the policy … volatility effects of the shock are driven by agents' concern about the (in)ability of the monetary authority to reverse …

large euro area banks spanning from 2007 to 2021. The estimation results confirm the theoretical prediction and simulations …

) that tracks the same individuals over time to assess how individuals from different income and wealth groups respond to … life and financial shocks with respect to volunteering. Although both income and wealth can act as buffers against life …-we observe more heterogeneity than expected and also stickiness at the lowest income levels. Response delays in post-shock …

-in-difference estimation using granular loan level data with a large coverage from Austria, I show, contrary to some previous findings, that …