employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

hyperbolic discounting leads to inflation having significant long-run effects on real variables. …

that have relatively similar backgrounds and tax systems: Australia, Canada, New Zealand, the UK, and the US. The first …

are analogous to the widely-used decompositions of inequality indices by population subgroup, except that they summarize … are not dependent on the choice of a specific summary index. Nonetheless, since inequality and poverty indices can be …

We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are … generated by purely selfish agents. But introducing inequality motivates more productive agents to exert higher efforts and help … disadvantageous inequality. Moreover, the more inequity averse the agents, the more inequality should be imposed even by an …

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 …

-run inflation-unemployment tradeoff. …