Monetary easing in Africa widens income gap, favors wealthy entrepreneurs
The study looked at how changes in monetary policy affect income inequality in Sub-Saharan Africa. They found that when the government tries to boost the economy by making money more available, it often ends up making income inequality worse. This is because the benefits of these policies tend to go to the wealthy, like business owners, rather than helping everyone equally. Different types of monetary policies also have different effects on things like the stock market, exchange rates, and government spending. Overall, the study shows that unconventional monetary policies can have a bigger impact on wealth distribution than traditional ones.