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Innocent Bystanders? : Monetary Policy and Inequality in the U.S

Silvia, John - 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/10014395691

Should inequality factor into central banks' decisions?

Hansen, Niels-Jakob Harbo; Lin, Alessandro; Mano, Rui - 2020

Inequality is increasingly a concern. Fiscal and structural policies are well-understood mitigators. However, less is known about the potential role of monetary policy. This paper investigates how inequality matters for monetary policy within a tractable Two-Agent New Keynesian model that...

Persistent link: https://www.econbiz.de/10012391912

The effects of monetary policy shocks on inequality

Furceri, Davide; Loungani, Prakash; Zdzienicka, Aleksandra - 2016

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...

Persistent link: https://www.econbiz.de/10011716325

Financial Conditions Indexes for the United States and Euro Area

Matheson, Troy - 2011

Financial conditions indexes are developed for the United States and euro area using a wide range of financial indicators and a dynamic factor model. The financial conditions indexes are shown to be useful for forecasting economic activity and have good revision properties

Persistent link: https://www.econbiz.de/10014401316

The Domestic and Foreign Price Gaps in the P-Star Model : Evidence From Spain

García-Herrero, Alicia - 1999

The paper uses the P-STAR model to analyze Spanish prices from 1970 to 1996, adding the foreign price gap to the standard domestic definition of the P-STAR model (the domestic price gap) to assess the role German price movements played in Spanish inflation. The domestic price gap turns out to be...

Persistent link: https://www.econbiz.de/10014400204

Money targeting in a modern forecasting and policy analysis system : an application to Kenya

Andrle, Michal; Berg, Andrew; Berkes, Enrico; Morales, … - 2013

We extend the framework in Andrle and others (2013) to incorporate an explicit role for money targets and target misses in the analysis of monetary policy in low-income countries (LICs), with an application to Kenya. We provide a general specification that can nest various types of money...

Persistent link: https://www.econbiz.de/10012667479

China’s labor market in the “new normal”

Lam, W. Raphael; Liu, Xiaoguang; Schipke, Alfred - 2015

Persistent link: https://www.econbiz.de/10011374776

China's Labor Market Performance and Challenges

Ran, Tao - 2003

A more market-oriented labor market has emerged in China in the past twenty years with growing importance of the urban … exists in the rural sector and state-owned enterprises. The main challenge facing China’s labor market in coming years is to … that if annual GDP growth averages 7 percent and the employment elasticity is one-half, urban unemployment could double to …

Persistent link: https://www.econbiz.de/10014403994

Growing (un)equal : fiscal policy and income inequality in China and BRIC+

Cevik, Serhan; Correa-Caro, Carolina - 2015

Persistent link: https://www.econbiz.de/10011281986

Inequality in China : trends, drivers and policy remedies

Jain Chandra, Sonali; Khor, Niny; Mano, Rui; Schauer, … - 2018

China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty …. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the … world. This trend has started to reverse as China has experienced a modest decline in inequality since 2008. This paper …

Persistent link: https://www.econbiz.de/10011866405