Different Unconventional Monetary Policies, Different Stories? A HANK Perspective

A heterogeneous-agent model shows quantitative easing and liquidity facilities outperform operation twist at the zero bound and increase wealth inequality most through portfolio shifts.

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Featured in No. 139 on 13 Nov 2026 · 4 days after release

QE effects on consumption, asset inequality, and income inequality across quarters — Figure 3: QE: Gini coefficients of liquid, illiquid and total wealth, per cent change from steady state

Released: 9 Nov 2026
First featured: No. 139 · 13 Nov 2026
Published in: Not yet, as far as Semantic Scholar knows
Fanfare: 3 of 5
Identifier: RePEc:nbb:reswpp:202610-504
Authors: Charles de Beauffort and Ansgar Rannenberg

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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