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I estimate the comparative causal effects of monetary policy "leaning against the wind" (LAW) and macroprudential policy on bank-level lending and leverage by drawing on a single natural experiment. In 1920, when U.S. monetary policy was still decentralized, four Federal Reserve Banks...
Persistent link: https://www.econbiz.de/10012318753
This study analysed the contribution of economic growth and redistribution components to aggregate poverty changes in Ireland from 1987-2005, using the Shapley value decomposition approach. The analysis used the household disposable income data from the Household Budget Survey to calculate...
Persistent link: https://www.econbiz.de/10009733719
presence of inequality, however, it deviates or refracts from the ideal condition. In this paper, I try to measure economic … inequality from the index of refraction. First, I compute such an index for each stratum to evaluate condition in each and then … add all to propose an overall measure of economic inequality, which appears to be a standardised measure of the length of …
Persistent link: https://www.econbiz.de/10011525663
Very little is known about wealth-holding and its distribution in Ireland in the past. Here we employ death duty register data to analyse and identify a sample of the top wealth holders in Ireland between the early 1820s and late 1830s. We examine the sources of their wealth and its regional...
Persistent link: https://www.econbiz.de/10012383872
the population, and so economic growth. To our knowledge, this is the only possibility for the inequality to be "bought …
Persistent link: https://www.econbiz.de/10011840488
correlate with household net wealth (or income). Bond price increases thus leave net wealth inequality largely unchanged. In … wealth inequality. Housing price increases display a hump shaped pattern over the net wealth distribution, with the poorest …
Persistent link: https://www.econbiz.de/10011491938
Persistent link: https://www.econbiz.de/10011981927
The life-cycle labor supply of women born at the turn of the 20th century diverged sharply from previous cohorts. Although they had similar participation rates in early adulthood, younger cohorts were significantly more likely to work at middle age. This paper documents a link between these...
Persistent link: https://www.econbiz.de/10012197371
This paper presents a general equilibrium, monetary model of bank runs to study monetary injections during financial crises. When the probability of runs is positive, depositors increase money demand and reduce deposits; at the economy-wide level, the velocity of money drops and deflation...
Persistent link: https://www.econbiz.de/10011976152
This paper reviews methods for studying dominance and inequality in health economics. It concentrates on "pure … inequality" as opposed to inequality which is related to income or some other measure of household resources. The paper reviews …
Persistent link: https://www.econbiz.de/10009733131