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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
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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
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Redistribution and the monetary-fiscal policy mix
Bhattarai, Saroj; Lee, Jae Won; Yang, Choongryul - 2020
Persistent link: https://www.econbiz.de/10012542395
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Interpreting the evolution of the monetary regime in Russia : the political economy of rent seeking and central banking
Nenovski, Nikolaj; Sahling, Cornelia - In: The political economy of central banking in emerging …, (pp. 185-208). 2021
Persistent link: https://www.econbiz.de/10012814971
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An Interest-Group Theory of Central Bank Independence
Miller, Geoffrey P. - 2008
This paper presents an interest group theory of central bank independence. The theory is grounded in the concept of …
Persistent link: https://www.econbiz.de/10014215640
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An Interest-Group Theory of Central Bank Independence
Miller, Geoffrey P. - 2008
This paper considers a central puzzle of central bank independence: why politicians would agree to establish such a bank, when the consequence is giving up a substantial degree of control over the money supply and price levels. I suggest that politicians agree to establish independent central...
Persistent link: https://www.econbiz.de/10014215641
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Disentangling rent index differences : data, methods, and scope
Adams, Brian; Loewenstein, Lara P.; Montag, Hugh; … - 2023
Persistent link: https://www.econbiz.de/10014391332
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Monetary-fiscal interactions and redistribution in small open economies
Motyovszki, Gergö - 2020
Persistent link: https://www.econbiz.de/10012586862
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Distributional consequences of conventional and unconventional monetary policy
Bielecki, Marcin; Brzoza-Brzezina, Michał; Kolasa, Marcin - 2020
Persistent link: https://www.econbiz.de/10012241827
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Monetary policy, financial constraints, and redistribution
Loenser, Christian; Schabert, Andreas - 2020 - Version: March 11, 2020
This paper examines how financial constraints affect redistribution via monetary policy. We explore a novel mechanism …
Persistent link: https://www.econbiz.de/10012270429