Monetary Policy and Income Distribution

Jorge Marshall

Journal Econom a Chilena (The Chilean Economy), 1999, vol. 2, issue 1, 005-022

Abstract: The link hetween monetary policy and equity is reflected directly by ihe effect of inflation on people’s income and indirectly by economic activity. This article concludes that there is no significant direct relation hetween inflation and income distribution. However the level of output does significantly effect equity and the extent of poverty. In fact, price stability contributes positively to growth and hence to equity in the long run. Thus, the main contribution of monetary policy to equity is by attaining price stability. Nonetheless, some short-term policy decisión may have temporary effects on income distrihution.

Date: 1999
References: Add references at CitEc
Citations:

Downloads: (external link)
https://si2.bcentral.cl/public/pdf/revista-economi ... 1abr1999p005-022.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchec:v:2:y:1999:i:1:p:5-22

Access Statistics for this article

Journal Econom a Chilena (The Chilean Economy) is currently edited by Sofia Bauducco

More articles in Journal Econom a Chilena (The Chilean Economy) from Central Bank of Chile Contact information at EDIRC.
Bibliographic data for series maintained by Sebastian Antinao ().