Expansionary monetary policy and inequality

An expansionary monetary policy: Has an a priori ambiguous effect on income inequality: it increases employment and wages, but also dividends and entrepreneurial income, it reduces interest paid on debt, but also interest received 1 ; the increase in dividends and entrepreneurial income can reverse the a priori positive effect on income inequality; Clearly has the effect of increasing wealth and intergenerational inequalities by driving up asset prices (equities, real estate). These inequality effects of expansionary monetary policies need to be taken into account when assessing the impact of these policies. 1 Bibliography in the Appendix.