Despite the rapid economic growth and poverty reduction, inequality in Asia worsened during last two decades. We focus …

This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China …. It finds that, in many ways, inequality may have been an inevitable by-product of China’s investment and export …-led growth model. Between Chinese households, we find that the most important factors explaining income inequality are location …

impact on the economy—given better anchored inflation expectations and inflation being less responsive to variation in … effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and … Germany to confirm a weakening of monetary policy effectiveness over time with regards to unemployment and inflation. After …

There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature … food and nonfood inflation and assessing whether food inflation affects income inequality differently from nonfood … inflation. In an international sample and a sample of Chinese provinces, nonfood inflation exacerbates income inequality while …

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 … historical cyclical variation in income and consumption inequality. Using detailed micro-level data on income and consumption, we …

implications of, rising wage inequality in Hong Kong SAR. Section VII presents an overview of recent developments in the financial …