00000nam 2200000zi 4500 9.867986 CaOODSP 20221107162448 m o d f cr cn||||||||| 190205t20192019onca ob f000 0 eng d CaOODSP eng rda CaOODSP eng fre FB3-5/2019-6E-PDF Hohberger, Stefan, author. The distributional effects of conventional monetary policy and quantitative easing : evidence from an estimated DSGE model / by Stefan Hohberger, Romanos Priftis and Lukas Vogel. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2019. ©2019 1 online resource (ii, 30 pages) : colour illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier Bank of Canada staff working paper, 1701-9397 ; 2019-6 "January 2019." Includes bibliographical references (pages 24-27). "This paper compares the distributional effects of conventional monetary policy and quantitative easing (QE) within an estimated open-economy DSGE model of the euro area. The model includes two groups of households: (i) wealthier households, who own financial assets and can smooth consumption over time, and (ii) poorer households, who only receive labor and transfer income and live "hand to mouth." We compare the impact of policy shocks on constructed measures of income and wealth inequality (net disposable income, net asset position, and relative per-capita income). Except for the short term, expansionary conventional policy and QE shocks tend to mitigate income and wealth inequality between the two population groups"--Abstract, page ii. Includes abstract in French. gccst Monetary policy Priftis, Romanos, author. Vogel, Lukas, 1976- author. Bank of Canada. Staff working paper (Bank of Canada) 1701-9397 ; 2019-6. (CaOODSP)9.806221 PDF 1.19 MB https://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-5-2019-6-eng.pdf