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How does monetary policy affect income and wealth inequality? Evidence from q...
This paper evaluates the impact of quantitative easing on income and wealth of individual euro area households. We first estimate the aggregate effects of a QE shock, identified... -
Reassessing growth vulnerability (replication data)
This paper replicates the results of Adrian et al. (2019) that GDP growth volatility is mainly driven by the lower quantiles of the distribution which is predicted by the... -
The instability of the market for government bonds in the EMU
The introduction of the Transmission Protection Instrument is the latest evidence, that the EMU is confronted with unstable markets for government bonds. Based on a parsimonious...
