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The Distributive Impact of Monetary Policy : Evidence from the UK

Ballabriga, Fernando - 2017

This paper evaluates the distributive effect of monetary policy in the case of the UK. The income inequality measure represents the whole income distribution. Different income inequality data sources and sample periods are considered. The monetary policy shock is identified by using recursive,...

Persistent link: https://www.econbiz.de/10012952127

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

Shocks, frictions, and inequality in US business cycles

Bayer, Christian; Born, Benjamin; Luetticke, Ralph - 2020

How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we estimate a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice between liquid and illiquid assets. The model enlarges the set of shocks and...

Persistent link: https://www.econbiz.de/10012162730

Monetary policy and wealth inequality over the great recession in the UK : an empirical analysis

Mumtaz, Haroon; Theophilopoulou, Angeliki - 2019

We use detailed micro information at household level from the Wealth and Assets Survey to construct measures of wealth inequality from 2005 to 2016 at the monthly frequency. We investigate the dynamic relationship between monetary policy and the evolution of wealth inequality measures. Our...

Persistent link: https://www.econbiz.de/10012120339

Income inequality as long-term conditioning factor of monetary transmission to bank interest rates in EA countries

Domonkos, Tomas; Fisera, Boris; Siranova, Maria - 2021

In this paper we investigate the effect of income inequality on the transmission of standard and unconventional monetary policy shocks to bank loan rates. We hypothesize that income inequality might encapsulate important characteristics of credit market demand. We use an interacted panel error...

Persistent link: https://www.econbiz.de/10012542278

The Distributional Impact of Monetary Policy Easing in the UK between 2008 and 2014

Pugh, Alice - 2018

Monetary policy has the potential to affect income and wealth inequality in the short run. This has always been true, but given the unprecedented period of accommodative policy in a number of advanced economies including the UK over the past decade, it has become more important to understand the...

Persistent link: https://www.econbiz.de/10012922649

Is There Really an Inflation Tax? Not For the Middle Class and the Ultra-Wealthy

Wolff, Edward N. - National Bureau of Economic Research - 2023

One hallmark of U.S. monetary policy since the early 1980s has been moderation in inflation (at least, until recently …). How has this affected household well-being? The paper first develops a new model to address this issue. The inflation tax … long as inflation is positive). The inflation gain on household wealth is the revaluation resulting from asset price …

Persistent link: https://www.econbiz.de/10014421200

How to measure inflation volatility : a note

Garcia-Hiernaux, Alfredo; González-Pérez, María T.; … - 2023

Persistent link: https://www.econbiz.de/10014365407

Does the FED care about income inequality? : a quantitative examination

Fowler, Stuart J.; Fowler, Jennifer Joan - In: International journal of monetary economics and finance 10 (2017) 2, pp. 183-205

Persistent link: https://www.econbiz.de/10011740585

Nowcasting : the real-time informational content of macroeconomic data

Giannone, Domenico; Reichlin, Lucrezia; Small, David H. - In: Journal of monetary economics 55 (2008) 4, pp. 665-676

Persistent link: https://www.econbiz.de/10003764349

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