Monetary policy and income distribution

James K. Galbraith

Chapter 6 in Central Banking, Monetary Policy and Income Distribution, 2023, pp 128-138 from Edward Elgar Publishing

Abstract: This chapter reviews the evidence for causal link between the conduct of monetary policy at the global level and movements in the distributions of pay and income, as measured mainly in the work of the University of Texas Inequality Project. Implications for the structure of economic theory are presented and discussed.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2023
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