Similar Search Results

Monetary policy and household inequality

Ampudia, Miguel; Georgarakos, Dimitris; Slacalek, Jirka; … - 2018

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

Persistent link: https://www.econbiz.de/10011877402

Money, Liquidity and Welfare

Wen, Yi - 2014

This paper develops an analytically tractable Bewley model of money demand to shed light on some important questions in monetary theory, such as the welfare cost of inflation. It is shown that when money is a vital form of liquidity to meet uncertain consumption needs, the welfare costs of...

Persistent link: https://www.econbiz.de/10013059239

Human frictions in the transmission of economic policy

D'Acunto, Francesco; Hoang, Daniel; Paloviita, Maritta; … - 2021 - This version: September 2021

Many consumers below the top of the distribution of a representative population by cognitive abilities barely react to monetary and fiscal policies that aim to stimulate consumption and borrowing, even when they are financially unconstrained and despite substantial debt capacity. Differences in...

Persistent link: https://www.econbiz.de/10012617622

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 … standard relative measures of income and wealth inequality has been small. Given the pre-existing disparities in income and …

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

Has Monetary Policy Made You Happier?

Bunn, Phillip - 2020

Concerns were raised about the distributional impact of the loosening in UK monetary policy following the financial crisis. We assess the impact of this loosening on well-being using household-level data and estimated utility functions. The welfare benefits are found to have been positive, in...

Persistent link: https://www.econbiz.de/10012828064

Financial frictions : micro vs. macro volatility

Faccini, Renato; Lee, Seungcheol; Luetticke, Ralph; … - 2024

Consumer credit spreads significantly impact consumption and asset dynamics, affecting indebted households' spending behavior and the income sensitivity of consumption. Analyzing Danish data, we find that elevated credit spreads reduce consumption of indebted households. Our results suggest that...

Persistent link: https://www.econbiz.de/10014480275

Monetary policy and household inequality

Ampudia, Miguel; Georgarakos, Dimitris; Slacalek, Jiri; … - 2018

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

Persistent link: https://www.econbiz.de/10011916874

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

Mumtaz, Haroon; Theophilopoulou, Angeliki - 2019

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 findings suggest that expansionary monetary policy shocks lead to an increase in … wealth inequality and contributed significantly to its fluctuations. This effect is heterogenous across the wealth …

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

Wage inequality under inflation-targeting in South Africa

Merrino, Serena - 2020

This paper aims at providing new evidence over the effect of conventional monetary policy shocks on wage inequality …

Persistent link: https://www.econbiz.de/10012240650

How does monetary policy affect income and wealth inequality? : evidence from quantitative easing in the euro area

Lenza, Michele; Slacalek, Jirka - 2018

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

Persistent link: https://www.econbiz.de/10011921470

1
2
3
4
5
6
7
8
9
10
Next
Last