Innocent Bystanders? : Monetary Policy and Inequality in the U.S. /

We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures. Furthermore,...

Полное описание

Библиографические подробности
Главный автор: Silvia, John
Другие авторы: Coibion, Olivier, Gorodnichenko, Yuriy, Kueng, Lorenz
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2012.
Серии:IMF Working Papers; Working Paper ; No. 2012/199
Online-ссылка:Full text available on IMF