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BestMasters

The Impact of Monetary Policy on Economic Inequality

Authors: Dörr, Patricia

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  • Publication in the field of economic sciences 

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  • ISBN 978-3-658-24835-2
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About this book

The extensive monetary policy of central banks during the Great Recession has re-newed the interest in the relation between (possibly) non-neutral money and wealth and income inequality. In this work, a dynamic general equilibrium model approach is used to study the effects of an inflation rate change on inequality. These effects are found to be temporary and to work through two channels: First, at the consumer level, intertemporal substitution effects differ even under an identical policy rule of all agents due to individual skill and capital endowments. This implies a transitory effect of inflation rate changes on inequality. Second, an indirect effect results from different capital intensities in industrial branches and capital-labour substitution effects. This may be endorsed by varying individual skill levels. The theoretical model‘s implications are tested empirically in a time series analysis on US data.

About the authors

Patricia Dörr is currently a PhD student in economics at Trier University. Her focus lies on survey statistics and therein variance estimation.

Table of contents (7 chapters)

Table of contents (7 chapters)

Buy this book

eBook $69.99
price for USA in USD
  • ISBN 978-3-658-24835-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $89.99
price for USA in USD
  • ISBN 978-3-658-24834-5
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Impact of Monetary Policy on Economic Inequality
Authors
Series Title
BestMasters
Copyright
2018
Publisher
Gabler Verlag
Copyright Holder
Springer Fachmedien Wiesbaden GmbH, part of Springer Nature
eBook ISBN
978-3-658-24835-2
DOI
10.1007/978-3-658-24835-2
Softcover ISBN
978-3-658-24834-5
Series ISSN
2625-3577
Edition Number
1
Number of Pages
XIII, 70
Number of Illustrations
1 b/w illustrations
Topics

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