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in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …
Persistent link: https://www.econbiz.de/10012157899
Persistent link: https://www.econbiz.de/10014388462
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10012438366
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10012423843
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10012428946
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10012668359
Monetary policy has been historically concerned with controlling inflation, using the interest rate as its main tool … between 2012 and 2021 to estimate the effects of changes in interest rates on unemployment, separating the data by gender and … race. Our results show that the real interest rate has a positive effect on the relative unemployment of black men to white …
Persistent link: https://www.econbiz.de/10014230398
Persistent link: https://www.econbiz.de/10013190288
Persistent link: https://www.econbiz.de/10014308075
I develop a heterogeneous-agent New-Keynesian model featuring racial inequality in income and wealth, and studies interactions between racial inequality and monetary policy. Black and Hispanic workers gain more from accommodative monetary policy than White workers mainly due to higher labor...
Persistent link: https://www.econbiz.de/10014354050