contrast, monetary policy has only negligible effects on wealth inequality. …

This paper studies how household inequality shapes the effects of the zero lower bound (ZLB) on nominal interest rates … combine low inflation targets and high levels of wealth inequality …

This paper studies how household inequality shapes the effects of the zero lower bound (ZLB) on nominal interest rates … combine low inflation targets and high levels of wealth inequality. …

effects it can have on wealth inequality, measured as the share of wealth of the top 10% of the population. Our results … suggest that QE, by lowering interest rates and boosting equity prices, has potentially increased wealth inequality, while the …

This paper studies how household inequality shapes the effects of the zero lower bound (ZLB) on nominal interest rates … combine low inflation targets and high levels of wealth inequality …

on aggregate demand is amplified in this setup by inequality between saver and hand-to-mouth households. The …

affects income and wealth inequality. We then illustrate quantitatively how various channels of transmission - net interest …

shed light on the impact of the policy on income inequality. At the same time, this paper assesses the impact of Japanese … tax policy on income inequality through the development of a vector error correction model for the period Q1 2002-Q4 2016 … by including the five variables of income inequality, money stock, government income tax, the stock price index, and real …

homogeneous MPC rates. Consumption inequality is countercyclical in this setting and a high degree of leverage amplifies the …

Cyclical inequality and idiosyncratic risk imply additional channels that amplify the transmission of persistent …