Following a 25 basis point reduction in the European Central Bank's key policy rate, unemployment declines most in the bottom income quintile in Finland, while gross income grows most in the upper income quintiles due to nominal wage increases.

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 (4)

• European Central Bank entity
• Finland location
• gross income concept
• unemployment concept