國立虎尾科技大學 |

The impact of monetary policy on economic inequality

Record Type:	Language materials, printed : Monograph/item
Title/Author:	The impact of monetary policy on economic inequality/ by Patricia Dorr.
Author:	Dorr, Patricia.
Published:	Wiesbaden :Springer Fachmedien Wiesbaden : : 2018.,
Description:	xiii, 70 p. :ill., digital ; : 24 cm.;
Contained By:	Springer eBooks
Subject:	Monetary policy. -
Online resource:	https://doi.org/10.1007/978-3-658-24835-2
ISBN:	9783658248352

The impact of monetary policy on economic inequality
Dorr, Patricia.

The impact of monetary policy on economic inequality[electronic resource] /by Patricia Dorr. - Wiesbaden :Springer Fachmedien Wiesbaden :2018. - xiii, 70 p. :ill., digital ;24 cm. - BestMasters,2625-3577. - BestMasters..

General Equilibrium Models -- Introducing Agent Heterogeneity -- Empirical Evidence.

The extensive monetary policy of central banks during the Great Recession has re-newed the interest in the relation between (possibly) non-neutral money and wealth and income inequality. In this work, a dynamic general equilibrium model approach is used to study the effects of an inflation rate change on inequality. These effects are found to be temporary and to work through two channels: First, at the consumer level, intertemporal substitution effects differ even under an identical policy rule of all agents due to individual skill and capital endowments. This implies a transitory effect of inflation rate changes on inequality. Second, an indirect effect results from different capital intensities in industrial branches and capital-labour substitution effects. This may be endorsed by varying individual skill levels. The theoretical model's implications are tested empirically in a time series analysis on US data. Contents General Equilibrium Models Introducing Agent Heterogeneity Empirical Evidence Target Groups Scholars and students of economics with a focus on monetary policy, general equilibrium models and/or economic inequality Executives and consultants in the field of monetary policy About the Author Patricia Dorr is currently a PhD student in economics at Trier University. Her focus lies on survey statistics and therein variance estimation.

ISBN: 9783658248352

Standard No.: 10.1007/978-3-658-24835-2doiSubjects--Topical Terms:

556378
Monetary policy.

LC Class. No.: HG230.3 / .D64 2018

Dewey Class. No.: 332.46

The impact of monetary policy on economic inequality
LDR:02459nam a2200337 a 4500 001 930511
003 DE-He213
005 20190509152850.0
006 m d
007 cr nn 008maaau
008 190627s2018 gw s 0 eng d
020 $a 9783658248352 $q (electronic bk.)
020 $a 9783658248345 $q (paper)
024 7 $a 10.1007/978-3-658-24835-2 $2 doi
035 $a 978-3-658-24835-2
040 $a GP $c GP
041 0 $a eng
050 4 $a HG230.3 $b .D64 2018
072 7 $a KCA $2 bicssc
072 7 $a BUS069030 $2 bisacsh
072 7 $a KCA $2 thema
082 0 4 $a 332.46 $2 23
090 $a HG230.3 $b .D716 2018
100 1 $a Dorr, Patricia. $3 1211699
245 1 4 $a The impact of monetary policy on economic inequality $h [electronic resource] / $c by Patricia Dorr.
260 $a Wiesbaden : $b Springer Fachmedien Wiesbaden : $b Imprint: Springer Gabler, $c 2018.
300 $a xiii, 70 p. : $b ill., digital ; $c 24 cm.
490 1 $a BestMasters, $x 2625-3577
505 0 $a General Equilibrium Models -- Introducing Agent Heterogeneity -- Empirical Evidence.
520 $a The extensive monetary policy of central banks during the Great Recession has re-newed the interest in the relation between (possibly) non-neutral money and wealth and income inequality. In this work, a dynamic general equilibrium model approach is used to study the effects of an inflation rate change on inequality. These effects are found to be temporary and to work through two channels: First, at the consumer level, intertemporal substitution effects differ even under an identical policy rule of all agents due to individual skill and capital endowments. This implies a transitory effect of inflation rate changes on inequality. Second, an indirect effect results from different capital intensities in industrial branches and capital-labour substitution effects. This may be endorsed by varying individual skill levels. The theoretical model's implications are tested empirically in a time series analysis on US data. Contents General Equilibrium Models Introducing Agent Heterogeneity Empirical Evidence Target Groups Scholars and students of economics with a focus on monetary policy, general equilibrium models and/or economic inequality Executives and consultants in the field of monetary policy About the Author Patricia Dorr is currently a PhD student in economics at Trier University. Her focus lies on survey statistics and therein variance estimation.
650 0 $a Monetary policy. $3 556378
650 0 $a Income distribution. $3 564878
650 1 4 $a Economic Theory/Quantitative Economics/Mathematical Methods. $3 1069071
650 2 4 $a Macroeconomics/Monetary Economics//Financial Economics. $3 1069052
650 2 4 $a Economic Policy. $3 669185
710 2 $a SpringerLink (Online service) $3 593884
773 0 $t Springer eBooks
830 0 $a BestMasters. $3 1021672
856 4 0 $u https://doi.org/10.1007/978-3-658-24835-2
950 $a Economics and Finance (Springer-41170)