Series: IMF Working Papers
Author(s): John Silvia , Lorenz Kueng , Olivier Coibion , and Yuriy Gorodnichenko
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2012
Keywords: Consumption Inequality, inflation, contractionary monetary policy, inflation target, monetary shocks, Business Fluctuations, And Cycles, money And Interest Rates, monetary Policy, Central Banking
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 inequa...