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Innocent bystanders? : monetary policy and inequality in the U.S.

Coibion, Olivier; Gorodnichenko, Yuriy; Küng, Lorenz; … - 2012

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....

Persistent link: https://www.econbiz.de/10009621686

Pandemic, Poverty, and Inequality: Evidence from India

Bhalla, Surjit - 2022

The paper presents estimates of poverty [extreme poverty PPP$1.9 and PPP$3.2] and consumption inequality in India for each of the years 2004-5 through the pandemic year 2020-21. These estimates include, for the first time, the effect of in-kind food subsides on poverty and inequality. Extreme...

Persistent link: https://www.econbiz.de/10015060515

Inequality in a More Equal World—Labor Market Gender Gaps in St. Lucia

Park, Hyunmin - 2024

St. Lucia has enviably high female labor force participation rate and strikingly low participation gap vis-à-vis male. The latter is lower than OECD average and way below world average. Women are also more educated than men. Yet, using a micro dataset of St. Lucia Labor Force Survey over the...

Persistent link: https://www.econbiz.de/10015080329

Rising Income Inequality : Technology, or Trade and Financial Globalization?

Papageorgiou, Chris - 2008

We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …

Persistent link: https://www.econbiz.de/10014409050

Macroeconomic Stability and Inclusive Growth

Davoodi, Hamid - 2021

We survey the literature on the relationship between macroeconomic stability and inclusive growth and identify gaps in our knowledge. We examine the role of macroeconomic policies (fiscal, monetary, macroprudential, and exchange rate) and measures of inclusiveness (income inequality, consumption...

Persistent link: https://www.econbiz.de/10015057903

Recession and policy transmission to Latin American tourism : does expanded travel to Cuba offset crisis spillovers?

Romeu, Rafael; Wolfe, Andy - 2011

This study measures the impact of changing economic conditions in OECD countries on tourist arrivals to countries/destinations in Latin America and the Caribbean. A model of utility maximization across labor, consumption of goods and services at home, and consumption of tourism services across...

Persistent link: https://www.econbiz.de/10009487105

Intra-regional spillovers in South America : is Brazil systemic after all?

Adler, Gustavo; Sosa, Sebastián - 2012

Shocks stemming from Brazil - the large neighbor in South America - have historically been a source of concern for policy-makers in other countries of the region. This paper studies the importance of Brazil's influence on its neighboring economies, documenting trade linkages over the last two...

Persistent link: https://www.econbiz.de/10009618584

Latin America : vulnerabilities under construction?

Cubeddu, Luis; Tovar, Camilo Ernesto; Tsounta, Evridiki - 2012

This paper documents developments in mortgage credit and the housing sector in Latin America over the past decade, and compares them with those of other emerging economies. In particular, it examines the real estate and mortgage markets to assess whether (i) growth in mortgage credit is...

Persistent link: https://www.econbiz.de/10009620961

Building blocks for effective macroprudential policies in Latin America : institutional considerations

Jácome, Luis Ignacio; Nier, Erlend W.; Imam, Patrick - 2012

An increasing number of countries - including in Latin America - are reforming their financial stability frameworks in the aftermath of the financial crisis, in order to establish a stronger macroprudential policy function. This paper analyzes existing arrangements for financial stability in...

Persistent link: https://www.econbiz.de/10009620979

Energy Subsidies in Latin America and the Caribbean

Di Bella, Gabriel - 2015

The oil price decline creates an opportunity to dismantle energy subsidies, which escalatedwith high oil prices. This paper assesses energy subsidies in Latin America and theCaribbean-about 1.8 percent of GDP in 2011-13 (approximately evenly split betweenfuel and electricity), and about 3.8...

Persistent link: https://www.econbiz.de/10012678979

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