Income inequality and monetary policy regimes

Stephen Miller and Yevgeniy Teryoshin

Economics Letters, 2024, vol. 243, issue C

Abstract: This paper reconsiders the possible effects of monetary policy on income inequality. Accounting for potential structural breaks in the relationship, we find that this relationship varies across time and reverses following the Volcker disinflation during the Great Moderation.

Keywords: Income inequality; Monetary policy; U.S. states (search for similar items in EconPapers)
JEL-codes: C33 E52 I32 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:243:y:2024:i:c:s0165176524003744

DOI: 10.1016/j.econlet.2024.111890

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