These rules resulted from a series of field hearings conducted by the Board in 2006 and 2007 and a review of approximately 4,500 comment letters representing a broad spectrum of views that were received in response to the Board's proposed rule issued in December 2007.
Households Income Distribution: An Empirical Analysis for the Euro Area,” Journal of International Money and Finance 85 (2018): 187–214; and M. Lenza and J. Slačálek, “How Does Monetary Policy Affect Income and Wealth Inequality? Evidence from Quantitative Easing in the Euro Area,” European Central Bank Working Paper No. 2190 (2018). - 10 incomes, particularly for people with lower incomes.