The share of the top few percent of the income distribution has also been tracked over a long period of time in Ireland, and that data (Nolan, 2007) is part of the World Top incomes database employed by Piketty. Using this and other sources there has been extensive work to understand the impact of the boom and bust on income distribution (cf.
Banks will therefore receive as much liquidity as they need as long as they can offer adequate collateral. Second, we have reduced the interest rate on the deposit facility to below zero for the first time and cut it further last week. By the way, this is not to punish the banks, as I have often read.