Coverart for item
The Resource The Impact of Monetary Policy on Economic Inequality, by Patricia Dörr, (electronic resource)

The Impact of Monetary Policy on Economic Inequality, by Patricia Dörr, (electronic resource)

Label
The Impact of Monetary Policy on Economic Inequality
Title
The Impact of Monetary Policy on Economic Inequality
Statement of responsibility
by Patricia Dörr
Creator
Subject
Language
eng
Summary
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.--
Member of
Assigning source
Provided by publisher
http://library.link/vocab/creatorName
Dörr, Patricia
Literary form
non fiction
Nature of contents
dictionaries
Series statement
  • Springer eBooks.
  • BestMasters,
http://library.link/vocab/subjectName
  • Economic policy
  • Economic theory
  • Macroeconomics
Label
The Impact of Monetary Policy on Economic Inequality, by Patricia Dörr, (electronic resource)
Link
http://ezproxy.eui.eu/login?url=https://doi.org/10.1007/978-3-658-24835-2
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
General Equilibrium Models -- Introducing Agent Heterogeneity -- Empirical Evidence
Control code
978-3-658-24835-2
Dimensions
unknown
Extent
1 online resource (XIII, 70 pages)
Form of item
  • online
  • electronic
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9783658248352
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
1 illustration
Specific material designation
remote
System control number
(OCoLC)1080645435
Label
The Impact of Monetary Policy on Economic Inequality, by Patricia Dörr, (electronic resource)
Link
http://ezproxy.eui.eu/login?url=https://doi.org/10.1007/978-3-658-24835-2
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
General Equilibrium Models -- Introducing Agent Heterogeneity -- Empirical Evidence
Control code
978-3-658-24835-2
Dimensions
unknown
Extent
1 online resource (XIII, 70 pages)
Form of item
  • online
  • electronic
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9783658248352
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
1 illustration
Specific material designation
remote
System control number
(OCoLC)1080645435

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