Monetary Policy and the Evolution of Wealth Disparity - An Assessment Using US Survey of Consumer Finance Data

This session examines the distributional effects of recent monetary policies on income and wealth. Using the Federal Reserve Board’s Survey of Consumer Finances, the research tracks key subpopulations as monetary policy shifted from conventional interest rates to Quantitative Easing. Employing advanced modeling techniques, the study analyzes volatility and bifurcation in capital gains and incomes among U.S. households during the Financial Crisis and the COVID-19 pandemic, offering insights into the impact of monetary policy on economic disparities.