Economics, Econometrics and Finance
8 years ago

Inflation targeting policies lead to decline in wage share globally.

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Journal of Post Keynesian Economics
Inflation targeting, economic performance, and income distribution: a monetary macroeconomics analysis
Louis‐Philippe Rochon, Sergio Rossi

Paper Summary

The article examines how inflation targeting affects income distribution, specifically the wage share. Countries that adopt inflation targeting tend to see a decrease in the wage share.

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