Central bank policies and income and wealth inequality: A survey
A Colciago, A Samarina… - Journal of Economic …, 2019 - Wiley Online Library
This paper reviews recent research on the relationship between central bank policies and
inequality. A new paradigm which integrates sticky‐prices, incomplete markets, and …
inequality. A new paradigm which integrates sticky‐prices, incomplete markets, and …
Quantitative macroeconomics with heterogeneous households
Macroeconomics is evolving from the study of aggregate dynamics to the study of the
dynamics of the entire equilibrium distribution of allocations across individual economic …
dynamics of the entire equilibrium distribution of allocations across individual economic …
Leveraging on energy security to alleviate poverty in Asian economies
F Taghizadeh-Hesary, AR Zakari… - The Singapore …, 2023 - World Scientific
This study examines the role of energy security in poverty reduction in the 12 poorest Asian
economies from 2000 to 2019. We postulated an energy security index using principal …
economies from 2000 to 2019. We postulated an energy security index using principal …
Monetary policy and the redistribution channel
A Auclert - American Economic Review, 2019 - aeaweb.org
This paper evaluates the role of redistribution in the transmission mechanism of monetary
policy to consumption. Three channels affect aggregate spending when winners and losers …
policy to consumption. Three channels affect aggregate spending when winners and losers …
Innocent Bystanders? Monetary policy and inequality
We study the effects of monetary policy shocks on—and their historical contribution to—
consumption and income inequality in the United States since 1980 as measured by the …
consumption and income inequality in the United States since 1980 as measured by the …
Central bank digital currency and monetary policy
SM Davoodalhosseini - Journal of Economic Dynamics and Control, 2022 - Elsevier
Many central banks are contemplating whether to issue a central bank digital currency
(CBDC). A CBDC has certain potential benefits, including the possibility that it can bear …
(CBDC). A CBDC has certain potential benefits, including the possibility that it can bear …
A model of the consumption response to fiscal stimulus payments
G Kaplan, GL Violante - Econometrica, 2014 - Wiley Online Library
A wide body of empirical evidence finds that approximately 25 percent of fiscal stimulus
payments (eg, tax rebates) are spent on nondurable household consumption in the quarter …
payments (eg, tax rebates) are spent on nondurable household consumption in the quarter …
Inflation and the redistribution of nominal wealth
M Doepke, M Schneider - Journal of Political Economy, 2006 - journals.uchicago.edu
This study quantitatively assesses the effects of inflation through changes in the value of
nominal assets. It documents nominal asset positions in the United States across sectors …
nominal assets. It documents nominal asset positions in the United States across sectors …
Doves for the rich, hawks for the poor? Distributional consequences of monetary policy
Abstract We build a New Keynesian business-cycle model with rich household
heterogeneity. A central feature is that matching frictions render labor-market risk …
heterogeneity. A central feature is that matching frictions render labor-market risk …
Inflation and inequality
S Albanesi - Journal of monetary Economics, 2007 - Elsevier
Cross-country evidence on inflation and income inequality suggests that they are positively
related. This article explores the hypothesis that this correlation is the outcome of a …
related. This article explores the hypothesis that this correlation is the outcome of a …