We ask three questions about the connection between monetary policy and inequality. First,
does monetary policy affect inequality? While different households respond to changes in …

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 quantitative easing (QE) …

We investigate the transmission of monetary policy to household consumption using
administrative data on the universe of households in Norway. On the basis of identified …

We use administrative and survey-based micro data to study the relationship between
cognitive abilities (IQ), the formation of inflation expectations, and the consumption plans of …

We analyze the distributional effects of monetary policy on income, wealth, and
consumption. We use administrative household‐level data covering the entire population in …

Many households hold little wealth. In standard precautionary savings models these
households should not only display higher marginal propensities to consume (MPCs), but …

Binding lower bounds on interest rates and large government deficits limit the scope of fiscal
and monetary policies to stimulate households' spending through financial intermediaries …

This paper shows that the unequal incidence of recessions in the labor market amplifies
aggregate shocks. Using administrative data from the United States, I document a positive …

We characterize optimal policy rules in business-cycle models with nominal rigidities and
heterogeneous households. The derived rules are expressed in terms of the causal effects …

I study the effects of a reduction in energy supply using a quantitative Heterogeneous
Agents New Keynesian (HANK) model with energy consumption by households and firms. I …