Expansionary monetary policy may increase income inequality because financial assets like equity and fund shares are mostly held by wealthy households, while lower wealth quintiles primarily hold deposits.

Authors

• Person: Not available Organization: VoxEU
  The impact of monetary policy on income and wealth inequality

Sources

• The impact of monetary policy on income and wealth inequality cepr.org VoxEU via serper

Referenced by nodes (3)

• equity concept
• economic inequality concept
• financial assets concept