This paper reviews recent research on the relationship between central bank policies and
inequality. A new paradigm which integrates sticky‐prices, incomplete markets, and …

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 …

This paper aims at an improved understanding of the relationship between monetary policy
and racial inequality. We investigate the distributional effects of monetary policy in a unified …

This paper formulates a back of the envelope approach to study the effects of monetary
policy on household consumption expenditures. We analyze several transmission …

Over the past few years, one of the most discussed economic facts is the growing inequality.
With the publication of Piketty's influential book, Capital in the 21st Century, the subject …

This article analyses the new challenges the ECB faces in implementing its monetary policy
and asks to what extent judicial review can help address these. The ECB mandate provides …

We quantify the connection between inequality and business cycles in a medium-scale New
Keynesian model with tractable household heterogeneity, estimated with aggregate and …

In response to the Covid‐19 crisis, the European Central Bank (ECB) has relaunched a
massive asset purchase programme within its combined‐arms monetary strategy. This …

This paper examines how the ECB's expansionary monetary policy affects income inequality
in 10 euro area countries over the period 1999–2014. We distinguish two channels—labor …

We review the debate on the association of financial globalization with inequality. We show
that the within-country distributional impact of capital account liberalization is context specific …