redistribution of wealth between households and the government, between nationals and foreigners, and between households within the … price level increase is matched by the gains of the government. Even though this redistribution is zero-sum, we observe …-linear effects on work effort of the redistribution of wealth across households. Finally, the direction of the change in the weighted …

This paper examines how financial constraints affect redistribution via monetary policy. We explore a novel mechanism …

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 …

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 …