Central Banking, Monetary Policy and Income Distribution

Central Banking, Monetary Policy and Income Distribution

Author: Sylvio Kappes

Publisher: Edward Elgar Publishing

Published: 2023-03-02

Total Pages: 302

ISBN-13: 1800371934

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Part of The Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and income distribution. The usual central bank mandate – that of exclusively fighting inflation – is being increasingly questioned by policymakers and academics. Many countries are finding that there is a need for broader mandates that will have an impact on economic activity, unemployment and other economic issues.


Book Synopsis Central Banking, Monetary Policy and Income Distribution by : Sylvio Kappes

Download or read book Central Banking, Monetary Policy and Income Distribution written by Sylvio Kappes and published by Edward Elgar Publishing. This book was released on 2023-03-02 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of The Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and income distribution. The usual central bank mandate – that of exclusively fighting inflation – is being increasingly questioned by policymakers and academics. Many countries are finding that there is a need for broader mandates that will have an impact on economic activity, unemployment and other economic issues.


Distributional Effects of Monetary Policy

Distributional Effects of Monetary Policy

Author: Valentina Bonifacio

Publisher: International Monetary Fund

Published: 2021-07-30

Total Pages: 47

ISBN-13: 1513588850

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As central banks across the globe have responded to the COVID-19 shock by rounds of extensive monetary loosening, concerns about their inequality impact have grown. But rising inequality has multiple causes and its relationship with monetary policy is complex. This paper highlights the channels through which monetary policy easing affect income and wealth distribution, and presents some quantitative findings about their importance. Key takeaways are: (i) central banks should remain focused on macro stability while continuing to improve public communications about distributional effects of monetary policy, and (ii) supportive fiscal policies and structural reforms can improve macroeconomic and distributional outcomes.


Book Synopsis Distributional Effects of Monetary Policy by : Valentina Bonifacio

Download or read book Distributional Effects of Monetary Policy written by Valentina Bonifacio and published by International Monetary Fund. This book was released on 2021-07-30 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: As central banks across the globe have responded to the COVID-19 shock by rounds of extensive monetary loosening, concerns about their inequality impact have grown. But rising inequality has multiple causes and its relationship with monetary policy is complex. This paper highlights the channels through which monetary policy easing affect income and wealth distribution, and presents some quantitative findings about their importance. Key takeaways are: (i) central banks should remain focused on macro stability while continuing to improve public communications about distributional effects of monetary policy, and (ii) supportive fiscal policies and structural reforms can improve macroeconomic and distributional outcomes.


The Future of Central Banking

The Future of Central Banking

Author: Kappes, Sylvio

Publisher: Edward Elgar Publishing

Published: 2022-08-18

Total Pages: 415

ISBN-13: 1839100931

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Part of The Elgar Series on Central Banking and Monetary Policy, this book explores challenges surrounding central banking today. It goes beyond the immediate concerns with monetary policy and focuses instead on the concept of central banking more generally.


Book Synopsis The Future of Central Banking by : Kappes, Sylvio

Download or read book The Future of Central Banking written by Kappes, Sylvio and published by Edward Elgar Publishing. This book was released on 2022-08-18 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of The Elgar Series on Central Banking and Monetary Policy, this book explores challenges surrounding central banking today. It goes beyond the immediate concerns with monetary policy and focuses instead on the concept of central banking more generally.


Central Banking, Monetary Policy and Gender

Central Banking, Monetary Policy and Gender

Author: Louis-Philippe Rochon

Publisher: Edward Elgar Publishing

Published: 2024-05-02

Total Pages: 253

ISBN-13: 1803927917

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Central Banking, Monetary Policy and Gender uniquely explores the ways in which monetary policies, changes in interest rates and unconventional monetary strategies such as quantitative easing affect women. This groundbreaking book analyses the inner organisation of central banks, considering for the first time how banking transmission mechanisms operate in relation to gender, investigating issues of power, income, wealth inequality and labour market dynamics.


Book Synopsis Central Banking, Monetary Policy and Gender by : Louis-Philippe Rochon

Download or read book Central Banking, Monetary Policy and Gender written by Louis-Philippe Rochon and published by Edward Elgar Publishing. This book was released on 2024-05-02 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central Banking, Monetary Policy and Gender uniquely explores the ways in which monetary policies, changes in interest rates and unconventional monetary strategies such as quantitative easing affect women. This groundbreaking book analyses the inner organisation of central banks, considering for the first time how banking transmission mechanisms operate in relation to gender, investigating issues of power, income, wealth inequality and labour market dynamics.


Central Banking, Monetary Policy and Social Responsibility

Central Banking, Monetary Policy and Social Responsibility

Author: Vallet, Guillaume

Publisher: Edward Elgar Publishing

Published: 2022-08-18

Total Pages: 243

ISBN-13: 180037223X

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Part of The Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and the economy at large. It focuses on the specific relationship between central banking, monetary policy and social responsibility as central banks wake up to new realities


Book Synopsis Central Banking, Monetary Policy and Social Responsibility by : Vallet, Guillaume

Download or read book Central Banking, Monetary Policy and Social Responsibility written by Vallet, Guillaume and published by Edward Elgar Publishing. This book was released on 2022-08-18 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of The Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and the economy at large. It focuses on the specific relationship between central banking, monetary policy and social responsibility as central banks wake up to new realities


The Political Economy of Central Banking

The Political Economy of Central Banking

Author: Gerald Epstein

Publisher: Edward Elgar Publishing

Published: 2019

Total Pages: 576

ISBN-13: 1788978412

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Central banks are among the most powerful government economic institutions in the world. This volume explores the economic and political contours of the struggle for influence over the policies of central banks such as the Federal Reserve, and the implications of this struggle for economic performance and the distribution of wealth and power in society.


Book Synopsis The Political Economy of Central Banking by : Gerald Epstein

Download or read book The Political Economy of Central Banking written by Gerald Epstein and published by Edward Elgar Publishing. This book was released on 2019 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks are among the most powerful government economic institutions in the world. This volume explores the economic and political contours of the struggle for influence over the policies of central banks such as the Federal Reserve, and the implications of this struggle for economic performance and the distribution of wealth and power in society.


Innocent Bystanders? Monetary Policy and Inequality in the U.S.

Innocent Bystanders? Monetary Policy and Inequality in the U.S.

Author: Mr.Olivier Coibion

Publisher: International Monetary Fund

Published: 2012-08-01

Total Pages: 57

ISBN-13: 1475505493

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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.


Book Synopsis Innocent Bystanders? Monetary Policy and Inequality in the U.S. by : Mr.Olivier Coibion

Download or read book Innocent Bystanders? Monetary Policy and Inequality in the U.S. written by Mr.Olivier Coibion and published by International Monetary Fund. This book was released on 2012-08-01 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


The Effects of Monetary Policy Shocks on Inequality

The Effects of Monetary Policy Shocks on Inequality

Author: Davide Furceri

Publisher: International Monetary Fund

Published: 2017-01-18

Total Pages: 43

ISBN-13: 1475568355

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This paper provides new evidence of the effect of monetary policy shocks on income inequality. Using a measure of unanticipated changes in policy rates for a panel of 32 advanced and emerging market countries over the period 1990-2013, the paper finds that contractionary (expansionary) monetary actions increase (reduce) income inequality. The effect, however, varies over time, depending on the type of the shocks (tightening versus expansionary monetary policy) and the state of the business cycle, and across countries depending on the share of labor income and redistribution policies. In particular, we find that the effect is larger for positive monetary policy shocks, especially during expansions. Looking across countries, we find that the effect is larger in countries with higher labor share of income and smaller redistribution policies. Finally, while an unexpected increase in policy rates increases inequality, changes in policy rates driven by an increase in growth are associated with lower inequality.


Book Synopsis The Effects of Monetary Policy Shocks on Inequality by : Davide Furceri

Download or read book The Effects of Monetary Policy Shocks on Inequality written by Davide Furceri and published by International Monetary Fund. This book was released on 2017-01-18 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides new evidence of the effect of monetary policy shocks on income inequality. Using a measure of unanticipated changes in policy rates for a panel of 32 advanced and emerging market countries over the period 1990-2013, the paper finds that contractionary (expansionary) monetary actions increase (reduce) income inequality. The effect, however, varies over time, depending on the type of the shocks (tightening versus expansionary monetary policy) and the state of the business cycle, and across countries depending on the share of labor income and redistribution policies. In particular, we find that the effect is larger for positive monetary policy shocks, especially during expansions. Looking across countries, we find that the effect is larger in countries with higher labor share of income and smaller redistribution policies. Finally, while an unexpected increase in policy rates increases inequality, changes in policy rates driven by an increase in growth are associated with lower inequality.


The Federal Reserve System Purposes and Functions

The Federal Reserve System Purposes and Functions

Author: Board of Governors of the Federal Reserve System

Publisher:

Published: 2002

Total Pages: 0

ISBN-13: 9780894991967

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Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.


Book Synopsis The Federal Reserve System Purposes and Functions by : Board of Governors of the Federal Reserve System

Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.


Central Banking, Monetary Policy and the Future of Money

Central Banking, Monetary Policy and the Future of Money

Author: Vallet, Guillaume

Publisher: Edward Elgar Publishing

Published: 2022-08-16

Total Pages: 325

ISBN-13: 1800376405

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Part of The Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and the economy at large, focusing on the specific relationship between central banking, monetary policy and the future of money.


Book Synopsis Central Banking, Monetary Policy and the Future of Money by : Vallet, Guillaume

Download or read book Central Banking, Monetary Policy and the Future of Money written by Vallet, Guillaume and published by Edward Elgar Publishing. This book was released on 2022-08-16 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of The Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and the economy at large, focusing on the specific relationship between central banking, monetary policy and the future of money.