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5th In A 6 Part Macroeconomic Series: How Did Quantitative Easing Interact With Regional Inequality?
Thursday, November 5, 2015 6:47
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from Liberty Street Economics
– this post authored by Andreas Fuster
Income, or wealth, inequality is not something that central bankers generally worry about when setting monetary policy, the goals of which are to maintain price stability and promote full employment. Nevertheless, it is important to understand whether and how monetary policy affects inequality, and this topic has recently generated quite a bit of discussion and academic research, with some arguing that the Federal Reserve’s expansionary policy of recent years has exacerbated inequality (see, for instance, here or here), while others reach the opposite conclusion (see here or here).
Source: http://econintersect.com/pages/contributors/contributor.php?post=201511050658
