Does inflation targeting increase income inequality?
نویسندگان
چکیده
We contribute to the growing empirical literature on impact of monetary policy income distribution by focusing adopting an inflation targeting (IT) regime guide policy. assess employing a panel 121 advanced and developing economies, including 27 IT adopters, during period 1971–2015. Our results suggest that adoption has contributed greater inequality household as measured Gini coefficient reduced share GDP going labor compensation. The are robust alternative estimation methodologies variations in sample with respect countries data frequency.
منابع مشابه
Does natural resource abundance increase Latin American income inequality ? 1
Why is income inequality higher in Latin America than in East Asia? Is this phenomenon related to the region’s natural resource abundance? Is it a contributor to Latin America’s slow and narrowly focused human capital accumulation? If so, can anything be done to reverse the Latin American trends, or should we think of the region’s fate as unalterable? To help answer these questions, this paper ...
متن کاملDoes Inflation Targeting Matter?
Since it was first introduced by New Zealand and Chile in 1990, Canada in 1991, and the United Kingdom in 1992, inflation targeting (IT) has received a lot of attention in the public and academic debate over the design of monetary policy regimes. In part, this attention reflects the growing number of countries that have adopted an IT regime over the past decade. Schaechter, Stone, and Zelmer (2...
متن کاملDoes Population Aging Affect Income Inequality in Iran?
Objectives: The aging of the population in recent years in Iran has raised concerns among policymakers in various fields. Some economic theories consider the changes in the age structure and population aging as one of the important issues affecting the income inequality of societies. This study aims to assess the effect of population aging on the income inequality in Iran. Methods & Materials:...
متن کاملDoes Modern Management Increase Inequality?
This paper examines whether modern management, characterized by performance and target based practices, explains the recent rise in wage inequality. I hypothesize that modern management’s shift to performance pay, management-skill complementarity, and managementtechnology complementarity contribute to the increase in wage inequality within establishments. The period after the Asian Financial Cr...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Post Keynesian Economics
سال: 2022
ISSN: ['0160-3477', '1557-7821']
DOI: https://doi.org/10.1080/01603477.2022.2101475