Monetary policy can lift poor in short term, but hurt in long term
The article explores how monetary policy can impact the well-being of poor people. It looks at how different types of monetary policies affect poverty and inequality in the short and long term. The researchers found that expanding the economy quickly can help the poor in the short term, but stable growth and low inflation are better for them in the long run. They also discovered that unexpected inflation can slightly reduce income inequality, but it doesn't have a big impact on poverty.