This paper uses a simple model based on the board game Monopoly to analyze the drivers of house prices and wealth inequality. Simulations show that inequality generally builds up fast even if players have equal starting conditions and house prices are stable; rising house prices imply more...

In this paper, we study the impact of contractionary monetary policies on income and wealth inequality. By developing an Agent Based-Stock Flow Consistent model, we show that both the sign and magnitude of monetary policy impacts depend on the heterogeneity characterizing income sources across...

The Luxembourg Income Study (LIS) data is expanding to cover "middle income" countries that supplement the large, existing sample of countries which are "high income" in the LIS Database. Developing countries tend to have social protection systems that are less formalized, and financial...