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Monetary policy and inequality
Andersen, Asger Lau; Johannesen, Niels; Jørgensen, Mia … - 2021 - Updated version: March 2021
Persistent link: https://www.econbiz.de/10012820722
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Monetary policy, agent heterogeneity and inequality : insights from a three-agent New Keynesian model
Eskelinen, Maria - 2021
In this paper I develop a New Keynesian dynamic stochastic general equilibrium model which features three different types of representative agents (THRANK): the poor hand-to- mouth, the wealthy hand-to-mouth and the non-hand-to mouth households. Compared to a full-scale HANK model, this model is...
Persistent link: https://www.econbiz.de/10012622812
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Monetary policy and inequality
Andersen, Asger Lau; Johannesen, Niels; Jørgensen, Mia … - 2022
household-level data covering the entire population in Denmark over the period 1987-2014 and exploit a long-standing currency …
Persistent link: https://www.econbiz.de/10013347177
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Monetary policy and inequality : a two-way relation
Thiel, Luzie - 2023
We study the transmission of monetary policy in the presence of heterogeneous households and examine the implications when the share of constrained households is a function of monetary policy. We build an analytically tractable heterogeneous agent New Keynesian model (THANK) with an endogenous...
Persistent link: https://www.econbiz.de/10013541937
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A 'Reverse Robin Hood'? The Distributional Implications of Non-Standard Monetary Policy for Italian Households
Casiraghi, Marco - 2016
We study empirically the distributional implications of a non-standard monetary policy expansion, considering the measures implemented by the Eurosystem in 2011-2012 and exploiting a rich micro dataset on Italian households' income and wealth, in order to take contemporaneously into account a...
Persistent link: https://www.econbiz.de/10012979528
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Unconventional Monetary Policy and Household Credit Inequality
Xu, Ying - 2021
Does unconventional monetary policy have a distributional effect on household credit? To answer this question, I use … granular data in 17 Eurozone countries from the ECB Household Finance and Consumption Survey (HFCS) and look at the household … two potential channels of unconventional monetary policy on household credit inequality. (1) The credit bias channel …
Persistent link: https://www.econbiz.de/10013240179
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The distributional impact of monetary policy easing in the UK between 2008 and 2014
Bunn, Philip; Pugh, Alice; Yeates, Chris - 2018
Persistent link: https://www.econbiz.de/10011916398
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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
which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …-form simulation on micro data from the Household Finance and Consumption Survey, capturing the income composition, the portfolio …
Persistent link: https://www.econbiz.de/10011921470
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Monetary policy and household inequality
Ampudia, Miguel; Georgarakos, Dimitris; Slacalek, Jirka; … - 2018
This paper considers how monetary policy produces heterogeneous effects on euro area households, depending on the composition of their income and on the components of their wealth. We first review the existing evidence on how monetary policy affects income and wealth inequality. We then...
Persistent link: https://www.econbiz.de/10011877402
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Macroeconomic determinants of wealth inequality dynamics
Berisha, Edmond; Meszaros, John - In: Economic modelling 89 (2020), pp. 153-165
Persistent link: https://www.econbiz.de/10012425935