The Effects of Monetary Policy Shocks on Inequality /

This paper provides new evidence of the effect of monetary policy shocks on income inequality. Using a measure of unanticipated changes in policy rates for a panel of 32 advanced and emerging market countries over the period 1990-2013, the paper finds that contractionary (expansionary) monetary acti...

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Bibliographic Details
Main Author: Furceri, Davide
Other Authors: Loungani, Prakash, Zdzienicka, Aleksandra
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2016.
Series:IMF Working Papers; Working Paper ; No. 2016/245
Online Access:Full text available on IMF