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 extreme inequality. An extension of the classical game with interest rates …

In recent years, there has been increasing interest in understanding the determinants of income inequality across …, there has not been any work which focuses on the level of development of the banking system for income inequality. Notably … to inequality by holding large amounts of liquid assets in order to raise private -- but not social -- returns from …

In recent years, there has been increasing interest in understanding the determinants of income inequality across …, there has not been any work which focuses on the level of development of the banking system for income inequality. Notably … to inequality by holding large amounts of liquid assets in order to raise private -- but not social -- returns from …

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

Inequality is increasingly a concern. Fiscal and structural policies are well-understood mitigators. However, less is … known about the potential role of monetary policy. This paper investigates how inequality matters for monetary policy within … a tractable Two-Agent New Keynesian model that captures important dimensions of inequality. We find some support for …