02162cas a2200337 a 4500 AALejournalIMF022351 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513588858 1018-5941 BD-DhAAL BD-DhAAL Bonifacio, Valentina. Distributional Effects of Monetary Policy / Valentina Bonifacio, Luis Brandao-Marques, Nina Budina, Balazs Csonto. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (47 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students As central banks across the globe have responded to the COVID-19 shock by rounds of extensive monetary loosening, concerns about their inequality impact have grown. But rising inequality has multiple causes and its relationship with monetary policy is complex. This paper highlights the channels through which monetary policy easing affect income and wealth distribution, and presents some quantitative findings about their importance. Key takeaways are: (i) central banks should remain focused on macro stability while continuing to improve public communications about distributional effects of monetary policy, and (ii) supportive fiscal policies and structural reforms can improve macroeconomic and distributional outcomes. Mode of access: Internet Aggregate Factor Income Distribution imf Central Banks and Their Policies imf Interest Rates imf Monetary Policy imf Personal Income, Wealth, and Their Distributions imf Brandao-Marques, Luis. Budina, Nina. Csonto, Balazs. IMF Working Papers; Working Paper ; No. 2021/201 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/201/001.2021.issue-201-en.xml IMF e-Library