The present chapter analyses the impact of monetary policy and financialization on functional income distribution in terms of the level of real wages and the size of the labor share of income by means of a panel SVAR model applied to a dataset of G7 countries (1970–2019). First, as a result of...

This chapter discusses the pivotal role of monetary policy in enabling sustainable development with a focus on Sustainable Development Goal 8 (SDG 8). We explore the potential implications of traditional monetary policy tools like interest rate cushions, quantitative easing for economic...

This paper studies the transition to high inflation during the COVID-19 pandemic, using a behavioral version of the New Keynesian model, which replaces the conventional assumption of Rational Expectations with subjective and heterogeneous expectations. Different shares of agents in the economy...

This paper studies the transition to high inflation during the COVID-19 pandemic, using a behavioral version of the New Keynesian model, which replaces the conventional assumption of Rational Expectations with subjective and heterogeneous expectations. Different shares of agents in the economy...