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 rate … exposure, intertemporal substitution and indirect income channels—affect individual euro area households. We find that the …

(FFR) and the deterioration of income inequality. Amid the great uncertainty over the FFR, this paper attempts to predict … where the FFR is bound to go in the near and foreseeable future with income inequality as a central determinant in the … analysis. Interest rate and income inequality are traditionally studied in isolation from each other by two different groups of …

interest rates tends to distribute income towards higher income classes. This helps explain why consumer price inflation in …

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 … rate exposure, intertemporal substitution and indirect income channels - affect individual euro area households. We find …

distributive justice and that help those individuals most at risk for shrinking income …

interest bearing assets (LAMP). We show that a combination of higher inflation and lower income taxes reduces inequality. When …