Coibion, Olivier; Gorodnichenko, Yuriy; Kueng, Lorenz; … - Institute for the Study of Labor (IZA) - 2012
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the … United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total … document the different channels via which monetary policy shocks affect inequality, as well as how these channels depend on the …