Distributional Effects of Monetary Policy

Released on by Valentina Bonifacio
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  • Distributional Effects of Monetary Policy Book Detail

  • Author : Valentina Bonifacio
  • Release Date : 2021-07-30
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 47
  • ISBN 13 : 1513588850
  • File Size : 51,51 MB
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Distributional Effects of Monetary Policy by Valentina Bonifacio PDF Summary

Book Description: As central banks across the globe have responded to the COVID-19 shock by rounds of extensive monetary loosening, concerns about their inequality impact have grown. But rising inequality has multiple causes and its relationship with monetary policy is complex. This paper highlights the channels through which monetary policy easing affect income and wealth distribution, and presents some quantitative findings about their importance. Key takeaways are: (i) central banks should remain focused on macro stability while continuing to improve public communications about distributional effects of monetary policy, and (ii) supportive fiscal policies and structural reforms can improve macroeconomic and distributional outcomes.

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Distributional Effects of Monetary Policy

Distributional Effects of Monetary Policy

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As central banks across the globe have responded to the COVID-19 shock by rounds of extensive monetary loosening, concerns about their inequality impact have gr