Les effets redistributifs des politiques monétaires de la BCE

Christophe Blot, Jerome Creel, Paul Hubert and Fabien Labondance

Revue d'économie financière, 2017, vol. N° 128, issue 4, 165-180

Abstract: The debate about wealth inequality has recently hit the sphere of monetary policymaking: some analysts argued that the unconventional monetary policy would benefit the rich at the expense of the poor. This contribution reviews the channels explaining the relationship between monetary policy and income inequality. An empirical test on the Euro area suggests that ECB unconventional monetary policy may have increased inequality in favour of households who are employed and hold a financial portfolio. Classification JEL: D3, D63, E25, E5.

JEL-codes: D3 D63 E25 E5 (search for similar items in EconPapers)
Date: 2017
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Related works:
Working Paper: Les effets redistibutifs des politiques monétaires de la BCE (2018)
Working Paper: Les effets redistibutifs des politiques monétaires de la BCE (2018)
Working Paper: Les effets redistributifs des politiques monétaires dela BCE (2017)
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