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. …

equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual U.S. tax system. The wealth and … marginal tax rate decreases inequality in both wealth and income but also leads to a contraction of the aggregate economy. This …

. Consequently, the distribution of wealth and income deteriorates inasmuch as people with high fortunes tend to have more …

equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual US tax system. The wealth and income … tax rate decreases inequality in both wealth and income but also leads to a contraction of the aggregate economy. This is …

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 …

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 …