A fresh research conducted by the European Central Bank (ECB) economists showed that the central bank’s EUR 2.6 trillion assets purchase scheme may have reduced income inequality, putting at rest the dispute that claims the lavish stimulus mainly benefited the wealthiest of households. The paper argued, “The reduction in unemployment and in income inequality is particularly marked in those countries, such as Spain, where the initial unemployment rate is higher. The effect can mostly be ascribed to the disproportionately large drop in the unemployment rate of low-income households.” The paper, published by the ECB as a “Discussion Paper”, added: “The overall effects of monetary policy on income inequality are modest, compared to its observed secular trend. “Monetary policy in recent years benefited most households and did not contribute to an increase in wealth, income or consumption inequality.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP poised for extra upside – Danske Bank FX Street 5 years A fresh research conducted by the European Central Bank (ECB) economists showed that the central bank's EUR 2.6 trillion assets purchase scheme may have reduced income inequality, putting at rest the dispute that claims the lavish stimulus mainly benefited the wealthiest of households. The paper argued, "The reduction in unemployment and in income inequality is particularly marked in those countries, such as Spain, where the initial unemployment rate is higher. The effect can mostly be ascribed to the disproportionately large drop in the unemployment rate of low-income households." The paper, published by the ECB as a "Discussion Paper", added: "The… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
