to a reduction of the long-run gap between wealth and income inequality compared to the period before. In the short …-run, income inequality drives wealth inequality, while the converse link is weaker and slower. Using counterfactual simulations …, we find that the recent rise in wealth inequality in the US is largely attributable to the contemporary increase in …

homogeneous MPC rates. Consumption inequality is countercyclical in this setting and a high degree of leverage amplifies the …

affects income and wealth inequality. We then illustrate quantitatively how various channels of transmission - net interest …

This paper studies the effect of deep recessions on intergenerational inequality by quantifying the welfare effects on …

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

research to identify some of its key implications for labour markets, inequality, e-commerce and the financial system. Beyond … aggregate but changes their content; ii) tends to raise income and wealth inequality; iii) has ambiguous effects on competition …