Download the fantastic book titled The Effects of Monetary Policy Shocks on Inequality written by Davide Furceri, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "The Effects of Monetary Policy Shocks on Inequality", which was released on 18 January 2017. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of The Effects of Monetary Policy Shocks on Inequality by Davide Furceri PDF
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 effect, however, varies over time, depending on the type of the shocks (tightening versus expansionary monetary policy) and the state of the business cycle, and across countries depending on the share of labor income and redistribution policies. In particular, we find that the effect is larger for positive monetary policy shocks, especially during expansions. Looking across countries, we find that the effect is larger in countries with higher labor share of income and smaller redistribution policies. Finally, while an unexpected increase in policy rates increases inequality, changes in policy rates driven by an increase in growth are associated with lower inequality.
Detail About The Effects of Monetary Policy Shocks on Inequality PDF
- Author : Davide Furceri
- Publisher : International Monetary Fund
- Genre : Business & Economics
- Total Pages : 43 pages
- ISBN : 1475568355
- Release Date : 18 January 2017
- PDF File Size : 46,7 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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