Innocent bystanders?: monetary policy and inequality in the U.S.
Gespeichert in:
Bibliographische Detailangaben
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] [International Monetary Fund] ©2012
Schriftenreihe:IMF working paper WP/12/199
Schlagworte:
Online-Zugang:FAW01
FAW02
FLA01
Beschreibung:Title from PDF title page (IMF Web site, viewed Aug. 9, 2012). - "Research Department.". - "August 2012."
Includes bibliographical references (pages 33-35)
"We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures. Furthermore, monetary shocks can account for a significant component of the historical cyclical variation in income and consumption inequality. Using detailed micro-level data on income and consumption, we document the different channels via which monetary policy shocks affect inequality, as well as how these channels depend on the nature of the change in monetary policy"--Page [1]
Beschreibung:57 pages
ISBN:1475583842
9781475583847

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