Adam, Klaus, Tzamourani, Panagiota, (2015), “Distributional consequences of asset price inflation in the Eurozone”, Voxeu, 3 Δεκεμβρίου.
Central banks’ unconventional monetary policy measures are often accompanied by asset price changes. This column investigates the distributional effects associated with asset price increases. The findings show that house price increases lead to a significant decrease in net wealth inequality in the Eurozone, whereas equity price increases lead to a significant rise in inequality. Bond price growth leaves net wealth inequality largely unchanged.
Σχετικές Αναρτήσεις
- Altavilla, Carlo, Carboni , Giacomo, Motto, Roberto, (2015), “Asset purchase programmes and financial markets: lessons from the euro area”, Working Paper Series, European Central Bank, 5 Νοεμβρίου.
- Credit Suisse, (2015), “Global Wealth Databook 2015”, Research Institute, Οκτώβριος.