providing a firmer grounding for the policy debates current in India. …

policy shock transmission channels. I show that monetary policy transmission takes place through a redistribution channel, as … emphasised by Auclert (2019). In particular, the effects of a monetary policy shock are amplified as resources are redistributed … from high-MPC households to low-MPC households. Monetary policy therefore becomes more effective compared to models with …

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 …

This paper aims at providing new evidence over the effect of conventional monetary policy shocks on wage inequality …

This paper considers how monetary policy produces heterogeneous effects on euro area households, depending on the … composition of their income and on the components of their wealth. We first review the existing evidence on how monetary policy … affects income and wealth inequality. We then illustrate quantitatively how various channels of transmission - net interest …

contrast, monetary policy has only negligible effects on wealth inequality. …

immigrants-around 30%-can be explained by differences in demographics (age, gender, marital status, education, occupation, sector … sensitive to fluctuations in aggregate employment. Monetary policy easing stimulates more strongly employment of individuals …

suggest that the most appropriate policy mix to stabilise the economy requires unconstrained counter-cyclical fiscal policies …, where automatic stabilisers are free to dampen business cycles fluctuations, and a monetary policy targeting also employment …. Instead, "discipline-guided" fiscal rules such as the Stability and Growth Pact or the Fiscal Compact in the Eurozone always …