The topic of rising income inequality does not only gain in relevance since the two prominent reports by the OECD … (Growing unequal? Income Distribution and Poverty in OECD Countries, Paris 2008; Divided we stand-Why inequality keeps rising … literature dealing with the US-about the consequences of the financial crisis on income inequality in Europe (e.g. Jenkins et al …

As suggested by recent empirical evidence, one of the causes behind the widespread rise of inequality experienced by … wealth inequality. However, the authors also find that this effect is diminished by tight monetary policy and low credit …

In this paper we document inequality trends in wages, hours worked, earnings, consumption, and wealth for Germany from … the last twenty years. We generally find that inequality was relatively stable in West Germany until the German …, especially after about 1998. Disposable income and consumption, on the other hand, display only a modest increase in inequality …

inequality. …

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 …

We propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower … aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation … a two-agent overlapping-generations model, we find that recent trends in income inequality and financial liberalization …