| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18170 |
| 来源ID | Working Paper 18170 |
| Innocent Bystanders? Monetary Policy and Inequality in the U.S. | |
| Olivier Coibion; Yuriy Gorodnichenko; Lorenz Kueng; John Silvia | |
| 发表日期 | 2012-06-21 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures. Furthermore, monetary shocks can account for a significant component of the historical cyclical variation in income and consumption inequality. Using detailed micro-level data on income and consumption, we document the different channels via which monetary policy shocks affect inequality, as well as how these channels depend on the nature of the change in monetary policy. |
| 主题 | Macroeconomics ; Consumption and Investment ; Business Cycles ; Money and Interest Rates ; Monetary Policy |
| URL | https://www.nber.org/papers/w18170 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575846 |
| 推荐引用方式 GB/T 7714 | Olivier Coibion,Yuriy Gorodnichenko,Lorenz Kueng,et al. Innocent Bystanders? Monetary Policy and Inequality in the U.S.. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18170.pdf（521KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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