I study the redistributive effects of monetary policy with attention to a wealth effect for savers generated by a cut in interest rates. To this end, I build a full-fledged overlapping generations New Keynesian
Edgar AG, Robert R R. Financial development, income inequality, and the redistributive effects of monetary policy[J]. Journal of Development Economies,2017, (2) : 110-115.Ghossoub E. and R.R. Reed, 2015. Financial Development, Income Inequal- ity, and the Redistributive Effects of Monetary...
For instance, the financial firm BlackRock, which was hired by the Fed to grant loans on its behalf, will know what kind of asset will be bought by the central bank and what direction monetary policy will take before other agents, hence providing this firm with certain potential advantages (...
To the extent that public education funding is redistributive, the lion's shardoi:10.1111/j.1468-0106.2004.00214.xGerhard GlommWiley BlackwellPacific Economic ReviewGerhard Glomm.Inequality,majority voting and the redistributive effects of public education funding[J].Pacific Economic Review,2004,(9):...
Instead of the Baumol syndrome (the long-term impact of lack of productivity gains compared with other sectors: Baumol & Bowen, 1993),Footnote 6 what matters here is the redistributive function of cultural policy, according to which no one is asked to pay for the full cost of performances (...
2001. The redistributive effects of tax evasion: a comparison between conventional and multi-criteria perspectives. Working Paper n.81. Centre for Research on the Public Sector. Universita Commerciale Luigi Bocconi. December.Galbiati, Roberto and Alberto Zanardi (2001), The Redistributive Effects of ...
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the distributive implications of financial regulation aKorinek, AntonKreamer, JonathanSocial Science Electronic PublishingKorinek, A. and J. Kreamer (2014), "The Redistributive Effects of Financial ...
For instance, it has been argued that politicians use public employment for redistributive purposes, directing income towards disadvantaged groups,7 or that politicians are likely to link public wage agreements to election cycles.8 , 9 In turn, another set of theories stresses the fact that labor ...
Part of the mechanism of change was a less redistributive taxation system:39 tax rates were cut, allowing people to keep more of what they earned. 最后,正是一项改变地方政府税收的尝试导致了撒切尔夫人的下台,因为许多公民拒绝缴纳新的“人头税”,这被认为是不公平的。
Semieniuk, G. & Yakovenko, V. M. Historical evolution of global inequality in carbon emissions and footprints versus redistributive scenarios. 1, 88–95 (2018). Google Scholar Fanning, A. L., O’Neill, D. W., Hickel, J. & Roux, N. The social shortfall and ecological overshoot of nat...