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Title Innocent bystanders? : monetary policy and inequality in the U.S. / Olivier Coibion [and others].

Publication Info. [Washington, D.C.] : [International Monetary Fund], [2012]
©2012
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Online eBook. Access restricted to current Rider University students, faculty, and staff.
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Description 1 online resource (57 pages) : charts.
Physical Medium polychrome
Description text file
Series IMF working paper ; WP/12/199
IMF working paper ; WP/12/199.
Note Title from PDF title page (IMF Web site, viewed Aug. 9, 2012).
"Research Department."
"August 2012."
Bibliography Includes bibliographical references (pages 33-35).
Summary "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 income, consumption and total expenditures. Furthermore, monetary shocks can account for a significant component of the historical cyclical variation in income and consumption inequality. Using detailed micro-level data on income and consumption, we document the different channels via which monetary policy shocks affect inequality, as well as how these channels depend on the nature of the change in monetary policy"--Page [1].
Local Note eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Subject Monetary policy -- Social aspects -- United States -- 21st century -- Econometric models.
Monetary policy -- Social aspects.
United States.
Chronological Term 21st century
Subject Econometric models.
Monetary policy.
Monetary policy -- Social aspects -- United States -- 20th century -- Econometric models.
Chronological Term 20th century
Subject Income distribution -- United States -- 21st century -- Econometric models.
Income distribution.
Income distribution -- United States -- 20th century -- Econometric models.
Genre/Form Electronic books.
Added Author Coibion, Olivier.
International Monetary Fund. Research Department.
ISBN 1475583842 electronic book
9781475583847 electronic book

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