The Effects of Monetary Policy Shocks on Inequality

The Effects of Monetary Policy Shocks on Inequality
This paper provides new evidence of the effect of monetary policy shocks on income inequality. Using a measure of unanticipated changes in policy rates for a panel of 32 advanced and emerging market countries over the period 1990-2013, the paper finds that contractionary (expansionary) monetary actions increase (reduce) income inequality. The... READ MORE...

Publication date: December 2016
ISBN 9781475563092
$18.00

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Publication date: December 2016

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