Monetary authority's transparency and income inequality
Helder de Mendonça () and
Diogo Martins Esteves
Review of Development Economics, 2018, vol. 22, issue 4, e202-e227
This paper analyzes how transparency from the monetary authority can affect the income inequality. The contribution is twofold. In the first part, we develop a theoretical model that considers heterogenous agent shopping‐time economy with a lack of transaction technology between rich and poor to observe the effect of central bank transparency on income inequality. The second part provides empirical evidence through panel data methodology that draws on 37 developing countries for the period 1992 to 2012. Our findings indicate that, in general, the monetary authority's transparency is an important tool to reduce income inequality between rich and poor when there are some advantages for the first group.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:rdevec:v:22:y:2018:i:4:p:e202-e227
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1363-6669
Access Statistics for this article
Review of Development Economics is currently edited by E. Kwan Choi
More articles in Review of Development Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().