Monetary Policy and the Top 1%

Monetary Policy and the Top 1%: Evidence from a Century of ...

Abstract. This paper examines the distributional effects of monetary policy in 12 OECD economies between 1920 and 2016. We exploit the implications of the ...

Monetary policy and the top one percent: Evidence from a century of ...

We employ two complementary empirical methodologies for estimating the dy- namic responses of the top 1% income share to a monetary policy shock: vector ...

Working Paper Series Monetary policy and the top one per - ECINEQ

Our evidence suggests that monetary policy has a significant and persis- tent impact on income inequality via top income shares. Monetary tightening decreases ...

Monetary Policy and the Top One Percent: Evidence from a Century ...

The obtained results indicate that ex-pansionary monetary policy strongly increases the share of national income held by the top one percent. Our findings also ...

Monetary Policy and the Top 1%: Evidence from a Century of ...

The results indicate that monetary tightening strongly decreases the share of national income held by the top 1 percent and vice versa for a monetary expansion, ...

MONETARY POLICY AND THE TOP ONE PER CENT - EEA Congress

Monetary policy has a significant and persistent impact on top income shares, according to new research by Mehdi El Herradi and Aurélien Leroy.

Monetary Policy and the Top One Percent: Evidence from a Century ...

PDF | On Jan 1, 2019, Mehdi El Herradi and others published Monetary Policy and the Top One Percent: Evidence from a Century of Modern Economic History ...

Monetary Policy and the Top One Percent: Evidence from a Century ...

The obtained results indicate that ex-pansionary monetary policy strongly increases the share of national income held by the top one percent.

Monetary policy and the top one percent: Evidence from a century of ...

We employ two complementary empirical methodologies for estimating the dynamic responses of the top 1% income share to a monetary policy shock: ...

Monetary Policy and the Top One Percent: Evidence from a Century ...

Current Scholarship Monetary Policy and the Top One Percent: Evidence from a Century of Modern Economic History ... This paper examines the ...

The distributive effect of monetary policy: The top one percent makes ...

The paper evaluates the distributive impact of monetary policy for the USA. Inequality measures cover the whole income distribution with the top one percent.

Monetary policy and the top one percent - ECINEQ

The obtained results indicate that contractionary monetary policy strongly decreases the share of national income held by the top one percent ...

How monetary policy affects the distribution of income - CEPR

Thus, contrary to survey data which are typically top-coded, we are able to show that accounting for the extreme right tail of the distribution ...

Monetary Policy: Stabilizing Prices and Output

Independent policy. Although it is one of the government's most important economic tools, most economists think monetary policy is best conducted by a central ...

Monetary Policy and Inequality - ANDERSEN - Wiley Online Library

For instance, households with higher incomes benefit more from lower interest expenses when the monetary policy rate is lowered with this ...

Monetary Policy and the Top One Percent: Evidence from a ... - HAL

The obtained results indicate that ex-pansionary monetary policy strongly increases the share of national income held by the top one percent. Our findings also ...

Innocent Bystanders? Monetary Policy and Inequality in the U.S.

Further, a recent CBO report documents that the top 1 percent of the income distribution received approximately. 30 percent of their income from financial ...

Price Stickiness along the Income Distribution and the Effects of ...

Top 10, larger expenditure shares by top 1%. College tuition and fees ... Monetary policy and in- equality,” Journal of Monetary Economics, June 2017 ...

The Role of Monetary Policy - American Economic Association

Economic. Review. Volume LVIII. MARCH 1968. Number 1. THE ROLE OF MONETARY POLICY*. By MILTON FRIEDMAN**. There is wide agreement about the major goals of ...

Full article: The impact of monetary policy shocks on income inequality

Moreover, the impacts are volatile in the short-term, but stabilise after 10 periods. The investigation on the responses of top 1% and bottom 50 ...