We reassess the effects of contractionary monetary policy on income inequality by investigating whether inflation targeting affects this nexus. Using data across the G12 economies from 1974 to 2019, we find that contractionary monetary policy shocks tend to increase disposable income inequality....

This paper analyzes the impact of the COVID-19 crisis on household income in Austria, using detailed administrative labor market data, in combination with micro-simulation techniques, that enable specific labor market transitions to be modeled. We find that discretionary fiscal policy measures...