As a result of a European Central Bank policy rate decrease, net wealth increases the most in the second-poorest quintile of Finnish households because these households often have significant housing wealth but also large mortgages, and the nominal value of their debt remains constant.

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 (5)

• European Central Bank entity
• mortgage concept
• debt concept
• net worth concept
• Finland location