Was the US economy overheating already prior to 1929? Could this have been detected in real-time? Did the housing boom and bust of mid 1920s play the same role as it did in 2007? Results of our Bayesian macro-econometric US output trend-gap decomposition are presented in the tradition of...

This paper examines how monetary policy affects income inequality in 10 euro area countries over the period 1999–2014. We distinguish macroeconomic and financial channels through which monetary policy may have distributional effects. The macroeconomic channel is captured by wages and...