QE reduces inequality over medium term – Bank of Canada paper

Bank of Canada
Photo: Shutterstock

Quantitative easing increases income and wealth inequality in the short run, while the effects are mitigated in the medium term, a staff paper published by the Bank of Canada finds.

“The [short-term] results are primarily driven by the impact of unconventional monetary policy shocks on financial asset prices and portfolio composition,” the researchers write.

Stefan Hohberger, Romanos Priftis and Lukas Vogel use balance sheet data from the European Central Bank to analyse the impact of QE

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: