Please use this identifier to cite or link to this item:
http://hdl.handle.net/2445/98583
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Davtyan, Karen | - |
dc.date.accessioned | 2016-05-17T09:37:44Z | - |
dc.date.available | 2016-05-17T09:37:44Z | - |
dc.date.issued | 2016 | - |
dc.identifier.issn | 2014-1254 | - |
dc.identifier.uri | http://hdl.handle.net/2445/98583 | - |
dc.description.abstract | The distributional effect of monetary policy is estimated in the case of the USA. In order to identify a monetary policy shock, the paper employs contemporaneous restrictions with ex-ante identified monetary policy shocks as well as log run identification. In particular, a cointegration relation has been determined among the considered variables and the vector error correction methodology has been applied for the identification of the monetary policy shock. The obtained results indicate that contractionary monetary policy decreases income inequality in the country. These results could have important implications for the design of policies to reduce income inequality by giving more weight to monetary policy. | - |
dc.format.extent | 37 p. | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | eng | - |
dc.publisher | Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública | - |
dc.relation.isformatof | Reproducció del document publicat a: http://www.ub.edu/irea/working_papers/2016/201604.pdf | - |
dc.relation.ispartof | IREA – Working Papers, 2016, IR16/04 | - |
dc.relation.ispartof | AQR – Working Papers, 2016, AQR16/04 | - |
dc.relation.ispartofseries | [WP E-AQR16/04] | - |
dc.relation.ispartofseries | [WP E-IR16/04] | - |
dc.rights | cc-by-nc-nd, (c) Davtyan et al., 2016 | - |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/ | - |
dc.source | Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA)) | - |
dc.subject.classification | Creixement econòmic | - |
dc.subject.classification | Igualtat | - |
dc.subject.classification | Política fiscal | - |
dc.subject.classification | Política monetària | - |
dc.subject.other | Economic growth | - |
dc.subject.other | Equality | - |
dc.subject.other | Fiscal policy | - |
dc.subject.other | Monetary policy | - |
dc.title | Income Inequality and Monetary Policy: An analysis on the Long Run Relation | - |
dc.type | info:eu-repo/semantics/workingPaper | - |
dc.date.updated | 2016-05-17T09:37:49Z | - |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | - |
Appears in Collections: | AQR (Grup d’Anàlisi Quantitativa Regional) – Working Papers Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA)) |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
IR16-004_Davtyan-Income.pdf | 1.44 MB | Adobe PDF | View/Open |
This item is licensed under a Creative Commons License