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This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates … contrast, monetary policy has only negligible effects on wealth inequality. …
Persistent link: https://www.econbiz.de/10011921470
Thomas Piketty's Capital in the Twenty-First Century is the most widely discussed work of economics in recent history, selling millions of copies in dozens of languages. But are its analyses of inequality and economic growth on target? Where should researchers go from here in exploring the ideas...
Persistent link: https://www.econbiz.de/10011584505
This paper investigates the effects of monetary policy shocks on income and wealth inequalities in the Republic of … measures of income and wealth inequality for the Korean economy. Empirical results show that both domestic and external … monetary policy shocks exert significant countercyclical effects on income inequality. For wealth inequality, however, the …
Persistent link: https://www.econbiz.de/10013172667
A two-sector incomplete markets model with heterogeneous agents can be used to study the distributional effects of the COVID-19 lockdown. While negative aggregate welfare effects of the lockdown are unavoidable, the size of aggregate welfare effects as well as the distribution of the welfare...
Persistent link: https://www.econbiz.de/10012234494
In this paper we argue that the decline in global inequality over the last decades has spurred a 'sunshine' narrative of falling global inequality that has been rather oversold, in the sense, we argue, it is likely to be temporary. We argue the decline in global inequality will reverse due to...
Persistent link: https://www.econbiz.de/10012887946
positive GDP growth of China, which suggests that within-country inequality in the world's most populous country might have not …
Persistent link: https://www.econbiz.de/10012507140
SEZ neighbourhoods. The rise in wealth is strongest towards the middle of the wealth distribution and goes hand in hand …
Persistent link: https://www.econbiz.de/10014481117
or tightening access to mortgages may affect the distribution of household wealth in the country. In a stylised model we … show that the final level of wealth inequality depends on the size of the LTV ratio, housing prices, credit cost and the … strength of a bequest motive; ultimately with no unequivocal effect of LTV ratios on wealth inequality. These trade-offs are …
Persistent link: https://www.econbiz.de/10012953918
or tightening access to mortgages may affect the distribution of household wealth in the country. In a stylised model we … show that the final level of wealth inequality depends on the size of the LTV ratio, housing prices, credit cost and the … strength of a bequest motive; ultimately with no unequivocal effect of LTV ratios on wealth inequality. These trade-offs are …
Persistent link: https://www.econbiz.de/10012953956
standards, mental health, and wealth in the UK. The pandemic has pushed up inequalities on several dimensions. School closures … in particular around the middle of the wealth distribution. In the longer term, lower work experience for the less …
Persistent link: https://www.econbiz.de/10012802900