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.g. leverage and risky assets). Our estimates imply that softer monetary policy increases income inequality. …
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sector growth on income inequality. Most low-income people in developing countries are involved in agriculture and related … inequality. The main objectives of monetary policy aim to maintain price stability, improve sector growth, and create employment …. But, empirical evidence indicates that the impact of these policies to reduce income inequality have not been efficient …
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Monetary policy and institutions are far from exempt from political influences. In this paper, we analyze monetary institutions not as being run by either benevolent technocrats or a wealth maximizing Leviathan but as being the outcome of competition between interest groups trying to capture...
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On June 4-5, 2014, SUERF and Baffi Finlawmetrics jointly organised a Colloquium/Conference "Money, Regulation and Growth: Financing New Growth in Europe" at Bocconi University, Milan. The present SUERF Study includes a selection of papers based on the authors’ contributions to the Milan event....
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This article addresses Japan's economy, its new economic policy package, which is known as Abenomics. The centerpiece of Abenomics has been the three "economic arrows" targeted at aggressive monetary policy, flexible fiscal policy, and growth strategy. This article focuses on Abenomics and shows...
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