Monetary policy & Wealth inequality
Hoopen, M.S. ten
MetadataShow full item record
This research aims to prove that Quantitative Easing has not been an effective monetary policy instrument of the European Central Bank, while increasing wealth inequality as a side effect in the Eurozone. It makes an assessment of the (historical) context in which the European Central Bank operates, together with a description of indirect and direct causes of Quantitative Easing policy. Furthermore, Quantitative Easing policy itself is described, followed by an assessment of economic theories and concepts of relevance for a better understanding of the consequences of Quantitative Easing policy. The relation between Quantitative Easing and (increasing) wealth inequality is also discussed within the context of theoretical and empirical literature. A collection of secondary data is presented and discussed in order to prove the central claim of the research. The research concludes by proving that Quantitative Easing has not been a very effective monetary policy instrument of the ECB, and that it has increased wealth inequality in the Eurozone.