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impact across consumers of the sudden, large drop in gasoline prices in 2014 for identification. This estimation strategy is …
Persistent link: https://www.econbiz.de/10012455711
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/10012460490