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Using representative survey data collected in 2018, I study how laypersons in Germany perceive the effects of quantitative easing (QE) on their personal financial situation and on national economic inequality. Almost 40% think that their economic situation is unaffected by QE, whereas 20% and 6%...
Persistent link: https://www.econbiz.de/10013328353
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 and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10012668359
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 and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10012438366
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 and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10012423843
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 and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10012428946
Dutch household survey of short- and long-term inflation expectations, where half of respondents receive information about … household inflation expectations, but the high realisations of actual inflation did. These findings suggest that when it comes … to household inflation expectations and central bank credibility, inflation outcomes speak louder than words. The third …
Persistent link: https://www.econbiz.de/10013290329
unique panel dataset of household's credit and debit card spending, ATM withdrawals, financial investments into risky assets …. These results highlight how the heterogeneity in contract design and household wealth affects the monetary policy pass-through …
Persistent link: https://www.econbiz.de/10012835832
projections IV to study the effects of monetary policy on household borrowing using Swedish data. The results are uncertain but … indicate that the stock of household loans is 1.6 percent lower two years after a 1 percentage point shock to the repo rate …. This is a relatively modest effect considering that the stock of household loans on average grew by 7.8 percent per year …
Persistent link: https://www.econbiz.de/10012909718
Korean Abstract: 본 연구는 가계 일부가 부채 누적으로 신용시장에서 일정 한도 이상으로는 차입이 어려워 기간간 소비의 평활화(smoothing)에 제약을 받는 상황이 통화정책에 미치는 영향을 금융시장의 불완전성(incomplete financial...
Persistent link: https://www.econbiz.de/10012892485
deteriorating household balance sheets? This paper examines the question using household data from the United States. It compares … the responsiveness of household consumption to monetary policy shocks in the pre- and post-crisis periods, relating … changes in monetary transmission to changes in household indebtedness and liquidity. The results show that the responsiveness …
Persistent link: https://www.econbiz.de/10012892905