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How Does Monetary Policy Affect Welfare? Some New Estimates Using Data on Life Evaluation and Emotional Well-Being

MacCulloch, Robert - 2020

Models on the optimal design of monetary policy typically rely on a social welfare loss function defined over inflation and unemployment. Our estimates of such a function use measures of two different dimensions of well-being that have been distinguished by recent research. The first is...

Persistent link: https://www.econbiz.de/10012822948

Comparative Islamic perspectives in money, monetary policy, and social wellbeing

Choudhury, Masudul Alam - In: Journal of economic cooperation & development 39 (2018) 1, pp. 143-162

Persistent link: https://www.econbiz.de/10011917862

How does monetary policy affect welfare? : some new estimates using data on life evaluation and emotional well-being

Jahel, Lina el; MacCulloch, Robert; Shafiee, Hamed - 2020

Persistent link: https://www.econbiz.de/10012425516

The influence of financial stress on economic activity and monetary policy in Belarus

Afia, Neila Ben - In: Journal of economic development 44 (2019) 3, pp. 41-57

Persistent link: https://www.econbiz.de/10012127191

The impact of monetary policy on inequality in the UK : an empirical analysis

Mumtaz, Haroon; Theophilopoulou, Angeliki - 2016

The UK has experienced a dramatic increase in earnings and income inequality over the past four decades. We use … policy shocks lead to a deterioration in earnings, income and consumption inequality and contribute to their fluctuation. The … response of income and consumption at different quantiles suggests that contractionary policy has a larger negative effect on …

Persistent link: https://www.econbiz.de/10011431334