rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    non sort: The
    title: Impact of Monetary Policy on Economic Inequality
  name:
    name part: Dörr, Patricia.
    role:
      role term: creator
    role:
      role term: author.
    role:
      role term: aut
    role:
      role term: http://id.loc.gov/vocabulary/relators/aut
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2018
    edition: 1st ed. 2018.
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XIII, 70 p. 1 illus. online resource.
  abstract: 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 Dörr is currently a PhD student in economics at Trier University. Her focus lies on survey statistics and therein variance estimation.
  table of contents: General Equilibrium Models -- Introducing Agent Heterogeneity -- Empirical Evidence.
  note: by Patricia Dörr.
  subject:
    topic: Economic theory
  subject:
    topic: Macroeconomics
  subject:
    topic: Economic policy
  subject:
    topic: Economic Theory/Quantitative Economics/Mathematical Methods
  subject:
    topic: Macroeconomics/Monetary Economics//Financial Economics
  subject:
    topic: Economic Policy
  classification: HB1-846.8
  classification: 330.1
  related item:
    title info:
      title: Springer eBooks
  related item:
    title info:
      title: BestMasters
  identifier: 9783658248352
  identifier: https://doi.org/10.1007/978-3-658-24835-2
  record info:
    record creation date: 181228
    record change date: 20191019152229.0
    record identifier: 978-3-658-24835-2