Furceri, Davide; Loungani, Prakash; Zdzienicka, Aleksandra - 2016
This paper provides new evidence of the effect of monetary policy shocks on income inequality. Using a measure of … finds that contractionary (expansionary) monetary actions increase (reduce) income inequality. The effect, however, varies … business cycle, and across countries depending on the share of labor income and redistribution policies. In particular, we find …