Einkommensverteilung, Haushaltsverschuldung, finanzieller Instabilität und der Entstehung von Finanzkrisen. Zwei Papiere beschreiben den …

This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We … investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings … monetary policy increases employment of black households more than white households, the overall effects are small. At the same …

This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We … investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings … monetary policy increases employment of black households more than white households, the overall effects are small. At the same …

The evolution of income distribution over two centuries is an attractive topic because it allows one to test the … inverse U-curve hypothesis using long series instead of cross-section data. In Section 1 the distribution trends in countries … and Germany, and in France. The inverse U-curve hypothesis is verified in four of them. Section 2 presents in a consistent …

Income and wealth inequality rose over the first 150 years of US history. They rose in Britain before 1875, especially … 1740–1810. The first half of the 20th century equalized pre-fisc incomes both in Britain and in America. From the 1970s to … the 1990s inequality rose in both countries, reversing most or all of the previous equalization. Government redistribution …