household data in a difference-in-differences setting around QE adoption in 2015. We find that QE encourages households with …

of real yields on household wealth from 2000 to 2018, whereas the second debate deals with the mean-variance efficiency … of household portfolios. Contrary to widespread belief, we find that yields on total wealth, which were largely dominated … international comparative and intertemporal analyses. Based on this, we address two current debates on the development of household …