We study how income inequality affects monetary policy through the inequality-household debt channel. We design a … rate and decreasing bankruptcies during the household's debt boom phase. When inequality meets financial liberalization, a … that inequality may constrain the central bank, even when it is not explicitly targeted. …

episodes in order to prevent rising income inequality. …

In view of rising concerns over increasing inequality in the European Union since the financial crisis, this study … provides an inequality decomposition of the overall European income distribution by country. The EU Statistics on Income and … Living Conditions are our empirical basis. Inequality has risen moderately within the core Euro area, particularly in the …

In view of rising concerns over increasing inequality in the European Union since the financial crisis, this study … provides an inequality decomposition of the overall European income distribution by country. The EU Statistics on Income and … Living Conditions are our empirical basis. Inequality has risen moderately within the core Euro area, particularly in the …

The Great Recession and the widespread adoption of fiscal austerity policies have heightened concern about inequality …., 2017), the overall change in income inequality is decomposed into parts attributable to the change in market income … inequality, changes in discretionary tax-benefit policy and automatic stabilisation effects. We implement this approach using the …

The Great Recession and the widespread adoption of fiscal austerity policies have heightened concern about inequality …., 2017), the overall change in income inequality is decomposed into parts attributable to the change in market income … inequality, changes in discretionary tax-benefit policy and automatic stabilisation effects. We implement this approach using the …

The upswing in finance over the past several decades has led to rising inequality, but do downswings in finance lead to … a symmetric decline in inequality? In this paper, we analyze the asymmetry of the effect of ups and downs in financial … markets, as well as the effect of increased capital requirements and the bonus cap on national earnings inequality. We use …

This paper studies the secular increase in U.S. household debt and its relation to growing income inequality and …

This paper studies the secular increase in U.S. household debt and its relation to growing income inequality and …

The last four decades have been marked by growing inequality. The inequality of income and wealth is one of the most … important macroeconomic issues of our time. Inequality contributed to Global Savings Glut and Global Financial Crisis through … factors, monetary policy, high leverage and the development of new money substitutes are critical in explaining the inequality …