Anna Samarina (De Nederlandsche Bank) will present the research paper "Does monetary policy affect income inequality in the euro area?". In this research, the author examines how monetary policy affects income inequality in 10 euro area countries over the period 1999–2014 distinguishing macroeconomic and financial channels through which monetary policy may have distributional effects. Findings suggest that expansionary monetary policy in the euro area reduces income inequality, especially in the periphery countries. The macroeconomic channel leads to these equalizing effects: monetary easing reduces income inequality by raising wages and employment. However, there is some indication that the financial channel may weaken the equalizing effect of expansionary monetary policy.
Date & Time: 16:00-17:00, March 12th 2021.
Details and registration:
https://us02web.zoom.us/meeting/register/tZ0ucuurqzssE9bIcgOyMcL0s_oVk0ZDsGAn