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How Does Monetary Policy Affect Income and Wealth Inequality? Evidence from Quantitative Easing in the Euro Area
Lenza, Michele; Slacalek, Jiri - 2021
This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The aggregate effects of quantitative easing are estimated in a multi-country VAR model of the four largest euro area countries, in which key variables affecting household income and...
Persistent link: https://www.econbiz.de/10013315393
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How does monetary policy affect income and wealth inequality? : evidence from quantitative easing in the euro area
Lenza, Michele; Slacalek, Jirka - 2018
This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The aggregate effects of quantitative easing are estimated in a multi-country VAR model of the four largest euro area countries, in which key variables affecting household income and...
Persistent link: https://www.econbiz.de/10011921470
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Identifying income and wealth-poor households in the euro area
Müller, Philip; Schmidt, Tobias - 2015
from the 2010 Household Finance and Consumption Survey (HFCS). We are particularly interested in the way in which specific …
Persistent link: https://www.econbiz.de/10011373659
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Aggregate Implications of Wealth Redistribution : The Case of Inflation
Doepke, Matthias - 2006
. Motivated by the case of an unanticipated inflation episode, we consider redistribution shocks that shift resources from old to …This paper shows that a zero-sum redistribution of wealth within a country can have persistent aggregate effects …
Persistent link: https://www.econbiz.de/10012734374
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The impact of income inequality on household indebtedness in euro area countries
Jestl, Stefan - 2019
This paper examines the impact of income inequality on consumption-related household indebtedness at the household level. Using the first wave of the Eurosystem Household Finance and Consumption Survey data, the analysis sheds light on heterogeneous effects across euro area countries. The...
Persistent link: https://www.econbiz.de/10012153847
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The impact of income inequality on household indebtedness in euro area countries
Jestl, Stefan - In: European journal of economics and economic policies : … 20 (2023) 2, pp. 151-182
This paper explores the impact of income inequality on household indebtedness at the household level. Using the first wave of the Eurosystem Household Finance and Consumption Survey data, the analysis sheds light on heterogeneous effects across euro area countries. The results suggest that there...
Persistent link: https://www.econbiz.de/10014433722
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Inequality and the Inflation Tax
Binder, Carola - 2019
Numerous studies document a positive correlation between inflation and income inequality. I show that this correlation … period and sample of countries. In the literature on the political economy of inflation, monetary financing and income taxes … are substitutes. Correspondingly, as the correlation between inequality and inflation has become more negative, the …
Persistent link: https://www.econbiz.de/10012900270
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Multidimensional Affluence in Income and Wealth in the Eurozone - A Cross Country Comparison Using the HFCS
Kontbay-Busun, Sine - 2015
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …
Persistent link: https://www.econbiz.de/10013028508
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Immigrants and the distribution of income and wealth in the euro area : first facts and implications for monetary policy
Dossche, Maarten; Kolndrekaj, Aleksandra; Propst, Maximilian - 2022
We use household surveys to describe differences in wages, income, wealth and liquid assets of households born in their country of residence ("natives") vs. those born in other EU and non- EU countries ("immigrants"). The differences in wealth are more substantial than the differences in wages...
Persistent link: https://www.econbiz.de/10013367109
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Immigrants and the Distribution of Income and Wealth in the Euro Area : First Facts and Implications for Monetary Policy
Dossche, Marteen; Kolndrekaj, Aleksandra; Propst, Maximilian - 2022
We use household surveys to describe differences in wages, income, wealth and liquid assets of households born in their country of residence (“natives”) vs. those born in other EU and non-EU countries (“immigrants”). The differences in wealth are more substantial than the differences in...
Persistent link: https://www.econbiz.de/10013491571