Gornemann, Nils; Küster, Keith; Nakajima, Makoto - 2021
stabilization policy is pronounced. The wealth rich or retired tend to favor inflation targeting. The wealth-poor working class …, instead, favors unemployment-centric policy. One- and two-agent alternatives can show unanimous disapproval of inflation …-centric policy, instead. We highlight how the political support for inflation-centric policy depends on wage setting, the tax system …