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Redistribution and the monetary-fiscal policy mix

Bhattarai, Saroj; Lee, Jae Won; Yang, Choongryul - 2020

We show that the effectiveness of redistribution policy in stimulating the economy and improving welfare is directly … regime counteract the deflationary forces during the recession. Moreover, redistribution produces a Pareto improvement under …

Persistent link: https://www.econbiz.de/10012388237

Redistribution and the monetary-fiscal policy mix

Bhattarai, Saroj; Lee, Jae-Won; Yang, Choongryul - In: Quantitative economics : QE ; journal of the … 14 (2023) 3, pp. 817-853

We show that the effectiveness of redistribution policy is tied to how much inflation it generates, and thereby to … effects of the CARES Act in a COVID recession. We find that transfer multipliers are larger, and that moreover, redistribution …

Persistent link: https://www.econbiz.de/10014362537

Redistribution and the monetary-fiscal policy mix

Bhattarai, Saroj; Lee, Jae Won; Yang, Choongryul - 2020

Persistent link: https://www.econbiz.de/10012542395

The microfoundation of macroeconomic populism : the effects of economic inequality on public inflation aversion

Kim, Hyunwoo - In: Economics & politics 35 (2023) 1, pp. 65-96

Persistent link: https://www.econbiz.de/10014279824

Redistribution through the financial system : the grants economics of money and credit

Boulding, Kenneth Ewart (ed.); … - 1978

Persistent link: https://www.econbiz.de/10000050464

Monetary Policy and Redistribution in Open Economies

Guo, Xing - 2020

We study how monetary policy affects the asymmetric effects of globalization. To this end, we build an open-economy heterogeneous-agent New Keynesian model (HANK), in which households differ in their income, wealth, and real and financial integration with international markets. We use the model...

Persistent link: https://www.econbiz.de/10012482432