Innocent Bystanders? Monetary Policy and Inequality in the U. S
| Author/creator | Silvia, John Author |
| Other author | Kueng, Lorenz Author |
| Other author | Coibion, Olivier Author |
| Format | Electronic |
| Publication Info | Washington : International Monetary Fund |
| Description | 37 p. |
| Supplemental Content | Full text available from Ebook Central - Academic Complete |
| Summary | Annotation 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. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| ISBN | 9781475583847 |
| ISBN | 1475583842 (E-Book) Active Record |
| Stock number | 00013468 |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |