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2018
- ISIDORE Id: 10670/1.a39d24...
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Monetary managementCiter ce document
Christophe Blot et al., « The Redistributive Effects of ECB Monetary Policy », Revue d'économie financière, ID : 10670/1.a39d24...
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The debate about wealth inequality has recently hit the sphere of monetary policymaking: some analysts argued that the unconventional monetary policy would benefit the rich at the expense of the poor. This contribution reviews the channels explaining the relationship between monetary policy and income inequality. An empirical test on the Euro area suggests that ECB unconventional monetary policy may have increased inequality in favour of households who are employed and hold a financial portfolio. JEL Codes: D3, D63, E25, E5.
