ECB’s easing policies reduced inequality, paper says
Overall effects of monetary policy on income inequality are modest, paper finds
The unconventional monetary policies implemented by the European Central Bank have helped reduce inequality in the continent, says a working paper published by the ECB on July 18.
Monetary policy and household inequality says negative rates, as well as bond purchasing programmes, have reduced unemployment and thereby benefited lower-income families more than higher-income ones.
The authors point out numerous studies have already shown that standard monetary policy measures such as lower
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