wealth inequality for the Euro Area. We analysed three different channels identified by the literature (Income, Portfolio and … Earnings Heterogeneity) that might explain how monetary policy decisions may affect wealth and income distribution. In this … the top 10% of society. In what regards to wealth inequality due to lack of data we had to create an alternative measure …

This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates … contrast, monetary policy has only negligible effects on wealth inequality. …

We use detailed micro information at household level from the Wealth and Assets Survey to construct measures of wealth … 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 …