Distributional Effects of Monetary Policy PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Distributional Effects of Monetary Policy PDF full book. Access full book title Distributional Effects of Monetary Policy by Valentina Bonifacio. Download full books in PDF and EPUB format.
Author: Valentina Bonifacio Publisher: International Monetary Fund ISBN: 1513588850 Category : Business & Economics Languages : en Pages : 47
Book Description
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.
Author: Valentina Bonifacio Publisher: International Monetary Fund ISBN: 1513588850 Category : Business & Economics Languages : en Pages : 47
Book Description
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.
Author: Mr.Olivier Coibion Publisher: International Monetary Fund ISBN: 1475505493 Category : Business & Economics Languages : en Pages : 57
Book Description
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, monetary shocks can account for a significant component of the historical cyclical variation in income and consumption inequality. Using detailed micro-level data on income and consumption, we document the different channels via which monetary policy shocks affect inequality, as well as how these channels depend on the nature of the change in monetary policy.
Author: Ilker Domaç Publisher: World Bank Publications ISBN: Category : Credit Languages : en Pages : 44
Book Description
Policymakers in Malaysia should weigh the distributional consequences of policy actions. They should also consider measures to alleviate the disproportionate impact that market imperfections have on small and medium-size industries.
Author: Johnstone Nick Publisher: OECD Publishing ISBN: 9264066136 Category : Languages : en Pages : 336
Book Description
This book builds upon existing literature to simultaneously examine disparities in the distribution of environmental impacts of environmental policy and in the distribution of financial effects among households.
Author: ZACHMANN. GUSTAV GEORG (FREDRIKSSON. GREGORY, CLAEYS.) Publisher: ISBN: 9789078910473 Category : Science Languages : en Pages : 112
Book Description
Policymakers will not accept forceful decarbonisation policies if they lead to visibly increasing inequality within their societies. The distributive effects of climate policies need to be addressed. This report provides a selective review of recent academic literature and experience on the distributional effects of climate policies.
Author: Gabriela Inchauste Publisher: World Bank Publications ISBN: 1464810923 Category : Business & Economics Languages : en Pages : 402
Book Description
The World Bank has partnered with the Commitment to Equity Institute at Tulane University to implement their diagnostic tool—the Commitment to Equity (CEQ) Assessment—designed to assess how taxation and public expenditures affect income inequality, poverty, and different economic groups. The approach relies on comprehensive fiscal incidence analysis, which measures the contribution of each individual intervention to poverty and inequality reduction as well as the combined impact of taxes and social spending. The CEQ Assessment provide an evidence base upon which alternative reform options can be analyzed. The use of a common methodology makes the results comparable across countries. This volume presents eight country studies that examine the distributional effects of individual programs and policy measures—and the net effect of each country’s mix of policies and programs. These case studies were produced in the context of Bank policy dialogue and have since been used to propose alternative reform options.
Author: Mr.Vladimir Klyuev Publisher: International Monetary Fund ISBN: 1451855516 Category : Business & Economics Languages : en Pages : 37
Book Description
The paper focuses on distributional consequences of macroeconomic adjustment. The preferences of economic agents over the level of the real exchange rate derived from standard models are monotonic, with agents favoring either an infinitely appreciated or depreciated rate. To generate less extreme preferences, a model is presented where appreciation would depress economic activity, while a large depreciation would hit the tradable sector by limiting the availability of labor, offsetting the favorable price effect. The model is in the spirit of the dependent economy model, but built on explicit microfoundations. The results can be used to analyze political economy aspects of macroeconomic adjustment.
Author: Valentina Bonifacio
Author: Valentina Bonifacio
Author: Mr.Olivier Coibion
Author: Domaç
Author: Ilker Domac
Author: Ilker Domaç
Author: Johnstone Nick
Author: ZACHMANN. GUSTAV GEORG (FREDRIKSSON. GREGORY, CLAEYS.)
Author: Gabriela Inchauste
Author: Mr.Vladimir Klyuev
Author: Marcin Bielecki