Economics, Econometrics and Finance
5 years ago

Monetary policy shifts wealth, dampens inflation, hits low-income individuals hardest.

RePEc: Research Papers in Economics
Distributional impacts of low for long interest rates
Jeremy Kronick, Francisco G. Villarreal

Paper Summary

Related papers

Economics, Econometrics and Finance
3 years ago

Disinflation leads to widening income inequality, hitting the poor hardest.

Macroeconomic Analysis
Macroeconomic Trends
Monetary Models
Economics, Econometrics and Finance
3 years ago

Monetary policy shocks widen income gap, Bank of Canada urged to act

Macroeconomic Analysis
Monetary Models
Macroeconomic Trends
Economics, Econometrics and Finance
4 years ago

Global commodity prices drive inflation surge in the Philippines, requiring urgent action.

International Finance
2 views

The article explores how low interest rates after the financial crisis in Canada have increased inequality by shifting resources away from lower-income individuals. This has led to less spending and lower inflation than expected. The study shows that not considering how different income groups respond to monetary policy changes can underestimate the impact on inflation.