Skip to Main content Skip to Navigation
Preprints, Working Papers, ...

Shocking aspects of monetary policy on income inequality in the euro area

Abstract : This paper examines the distributional effects of monetary policy, either standard, nonstandard or both, on income inequality in 10 EA countries over the period 2000-2015. We use three different indicators of income inequality in a Panel VAR setting in order to estimate IRFs of inequality to a monetary policy shock. Results suggest that: (i) the distributional effects of ECB’s monetary policy have been modest and (ii) mainly driven in times of conventional monetary policy measures, especially in peripheral countries, while, overall, (iii) standard and non-standard monetary policies do not significantly differ in terms of impact on income inequality.terms of impact on income inequality.
Document type :
Preprints, Working Papers, ...
Complete list of metadata

https://hal-sciencespo.archives-ouvertes.fr/hal-03403233
Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Tuesday, October 26, 2021 - 9:58:53 AM
Last modification on : Monday, March 21, 2022 - 2:47:57 PM
Long-term archiving on: : Thursday, January 27, 2022 - 6:42:59 PM

File

wp2019-15-shocking-aspects-of-...
Publisher files allowed on an open archive

Identifiers

Citation

Jérôme Creel, Mehdi El Herradi. Shocking aspects of monetary policy on income inequality in the euro area. 2019. ⟨hal-03403233⟩

Share

Metrics

Record views

15

Files downloads

19