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Intergenerational redistributive effects of monetary policy
Bielecki, Marcin; Brzoza-Brzezina, Michał; Kolasa, Marcin - 2021
Persistent link: https://www.econbiz.de/10012512644
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Intergenerational redistributive effects of monetary policy
Bielecki, Marcin; Brzoza-Brzezina, Michał; Kolasa, Marcin - 2021
Persistent link: https://www.econbiz.de/10012654811
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Redistributive monetary policy
Brunnermeier, Markus Konrad; Sannikov, Yuliy - In: The changing policy landscape : a symposium sponsored …, (pp. 331-384). 2013
Persistent link: https://www.econbiz.de/10009790133
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The redistributive effects of forward guidance
Baek, Seungjun - In: Economics letters 182 (2019), pp. 118-121
Persistent link: https://www.econbiz.de/10012122446
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Heterogeneity, Redistribution, and the Friedman Rule
Bhattacharya, Joydeep; Haslag, Joseph; Martin, Antoine - 2004
We study several popular monetary models which generate a nondegenerate stationary distribution of money holdings. Across these environments, our principal finding is as follows: a monetary policy that sets long run nominal interest rates to zero (the Friedman rule) does not typically maximize...
Persistent link: https://www.econbiz.de/10014070837
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Heterogeneity, Redistribution, and the Friedman Rule
Bhattacharya, Joydeep; Haslag, Joseph; Martin, Antoine - 2005
We study monetary models with nondegenerate stationary distributions of money holdings. We find that the Friedman rule does not typically maximize ex post social welfare. An increase in the rate of growth of the money supply has two effects: the standard distortionary, or rate-of-return, effect...
Persistent link: https://www.econbiz.de/10014065172
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The redistributive effects of monetary policy in an overlapping generations model
Baek, Seungjun - In: European economic review : EER 155 (2023), pp. 1-28
Persistent link: https://www.econbiz.de/10014438886
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Redistribution effects of inflation
Schneider, Martin - In: Journal of economic dynamics & control 49 (2014), pp. 49-51
Persistent link: https://www.econbiz.de/10010486606
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The effect of monetary policy on inflation heterogeneity along the income distribution
Ampudia, Miguel; Ehrmann, Michael; Strasser, Georg - 2023
Persistent link: https://www.econbiz.de/10014364356
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The effect of monetary policy on inflation heterogeneity along the income distribution
Ampudia, Miguel; Ehrmann, Michael; Strasser, Georg - 2023
This paper studies the effect of monetary policy on inflation along the income distribution in several euro area …. On the one hand, different consumption shares imply that inflation by high-income households responds less to monetary … its reaction to monetary policy, which imply that inflation by high-income households responds more to monetary policy. …
Persistent link: https://www.econbiz.de/10014478496