We use detailed micro information at household level from the Wealth and Assets Survey to construct measures of wealth … 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 …

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 …

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

Closely following the seminal contribution of Jappelli and Pistaferri (2014) - based on Italian household survey data … across countries, household-characteristics, and major items of the households' balance sheets such as cash-on-hand, liquid …, and illiquid wealth. Households with low cash-on-hand have on average higher MPCs. Policy experiments show how the …

The UK has experienced a dramatic increase in earnings and income inequality over the past four decades. We use … policy shocks lead to a deterioration in earnings, income and consumption inequality and contribute to their fluctuation. The … detailed micro level information to construct quarterly historical measures of inequality from 1969 to 2012. We investigate …