which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The …-form simulation on micro data from the Household Finance and Consumption Survey, capturing the income composition, the portfolio …

sign restrictions. The results reveal that both a policy interest rate shock and a balance sheet shock have a positive and … temporary impact on house prices in Finland, with the response to a balance sheet shock being smaller and fading out faster. The … peak of the effect of a policy rate shock on house prices in Finland arrives faster than in the whole euro area but the …

We estimate the dynamic effects of a high-frequency identified unionwide quantitative easing (QE) shock on real GDP …

correlate with household net wealth (or income). Bond price increases thus leave net wealth inequality largely unchanged. In … from housing price increases. The capital gains from bond price increases (relative to household net wealth) do not … contrast, equity price increases largely benefit the top end of the net wealth (and income) distribution, thus amplify net …