Distributional Implications of Monetary Policy, with Maarten Dossche (ECB)

The Week That Was in Europe

We discusss the main channels through which Euro Area monetary policy generates income inequality in the cross-section of households and their quantitative importance. We also discuss why the ECB should care about inequality implications of its policies and whether the current rate increases generate effects that are symmetric to the effects generates by the rate cuts during Mario Draghi's ECB presidency.