The study examines empirical relationships between income inequality and three features of
finance: depth (financial sector size relative to the economy), inclusion (access to and use of …

In the context of increasing economic inequality, linkages between finance and the
distribution of wealth and income have attracted considerable attention. This paper …

This paper evaluates the distributional effects of US unconventional monetary policy (UMP)
implemented as an additional measure to confront recessions. In line with the literature, the …

The paper presents an agent-based model to study the interaction between income
inequality and prudential regulations in a macroeconomic framework characterized by …

Climate change was recognized as a risk for ecosystems and the economy, and recently for
the stability of the financial system. Tackling climate change requires urgent investments in …

The influence of LTV ceiling on household wealth inequality is not constant. This paper finds
that when the return on housing investment is higher than the return on liquid assets, the …

This is a revaluation of our study which we published in 2014 (Saiki and Frost, 2014) The
study found that Japan's unconventional monetary policy (UMP) had widened income …

The literatures on Macroeconomics and Human development and capabilities have been
described as constituting “two different worlds” that never intersect despite the importance of …

During the financial crisis, monetary policy was loosened significantly. Debate continues
about the extent to which low interest rates and quantitative easing (QE) may have had …

For the past decades, income inequality has been on the rise, and so is the frequency of its
mentions in recent speeches by central bankers. With the heightened importance of the …