Our paper picks up the current controversial debate about increasing (income) inequality due to recent monetary policy … policy to overall income inequality works we pick up two major channels dominant in literature: The employment channel and … address and mitigate harmful effects of increased market in- come inequality. …

We study how income inequality affects monetary policy through the inequality-household debt channel. We design a … rate and decreasing bankruptcies during the household's debt boom phase. When inequality meets financial liberalization, a … that inequality may constrain the central bank, even when it is not explicitly targeted. …

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

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 … inequality by more than high interest rates. The simulations also demonstrate a first-mover advantage both within a generation …

inequality and welfare. We find that consumption inequality results from differences in agents' decision to access financial … third of observed consumption inequality. Finally, we analyze various policies aimed at increasing financial inclusion and … find that a direct transfer to bank account holders yields the highest welfare and lowest consumption inequality. …

of financial inclusion on welfare and inequality. We find that significant consumption inequality can result from limited … access to basic financial services. In this environment, monetary policy has distributional consequences as agents face … simple model is able to account for approximately a third of the observed consumption inequality. We analyze various policies …

.g. leverage and risky assets). Our estimates imply that softer monetary policy increases income inequality. …

​The paper estimates the impact of monetary policy on income inequality in China. The empirical modelling finds that a …

inequality. Based on the analysis and systematization of the articles, mainly written over the past 25-30 years, the main … approaches to assessing the extent to which the Federal Reserve's actions are responsible for the growth of inequality in the … the costs of monetary policy and the problem of inequality …