| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19668 |
| 来源ID | Working Paper 19668 |
| Distributional Effects of Macroeconomic Policy Choices in Emerging Market Economies | |
| Eswar S. Prasad | |
| 发表日期 | 2013-11-21 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since financial markets are incomplete, imperfect, and economic agents' access to them is often limited. This limits households' ability to insure against household-specific (or sector-specific) shocks and magnifies the distributional effects of aggregate macroeconomic fluctuations and associated policy responses. These effects are likely to be even larger in emerging market and low-income economies beset by financial frictions. The political economy surrounding distributional consequences can sometimes lead to policy measures that reduce aggregate welfare. I argue that it is important to take better account of distributional rather than just aggregate consequences when evaluating specific policy interventions as well as the mix of different policies. |
| 主题 | Macroeconomics ; Monetary Policy ; Fiscal Policy ; International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w19668 |
| 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/577343 |
| 推荐引用方式 GB/T 7714 | Eswar S. Prasad. Distributional Effects of Macroeconomic Policy Choices in Emerging Market Economies. 2013. |
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