This paper explores the distributional effects of contractionary monetary policy by race and gender in the U.S. from 1979-2008 using state-level panel data. We hypothesize that women and Blacks, as groups with less power and lower status in the social hierarchy, fare worse in the competition...

The working paper analyzes the possible distributional consequences of the global crisis based on the lessons of past crises. The decline in the labor share across the globe has been a major factor that led to the current global crisis. Onaran argues that this is a crisis of distribution, and...

The unemployment rate is conventionally relied upon to measure national employment performance, and has been the main indicator justifying comprehensive labor market reforms, generally in the direction of deregulation and benefit reduction. The starting point of this working paper is that a...