New monetary policy instruments introduced by the ECB following the 2008-2013 financial and debt crisis have raised concerns that central banks’ securities purchase programmes disproportionately benefited wealthy households. Using Finnish data, this column finds that while the impact on economic growth has been significant, on average the changes in income and wealth
Wealth inequality can limit people’s ability to accumulate human capital, carry out business projects, or cope with major economic crises. Focusing on France, Spain, the UK, and the US, this column shows that intergenerational transfers, such as inheritances and inter vivos gifts, play a significant role in underpinning wealth inequality. When inheritancesand gifts exceed a
Carter M. Bond, a former private school athletic instructor and homemaker, died from complication of a stroke Jan. 22 at Sinai Hospital. The former longtime Stevenson resident was 91.
Carter M. Bond, a former private school athletic instructor and homemaker, died from complication of a stroke Jan. 22 at Sinai Hospital. The former longtime Stevenson resident was 91.