Estimating the impact of monetary policy on inequality in China

Arbeitspapier

​The paper estimates the impact of monetary policy on income inequality in China. The empirical modelling finds that a battery of monetary indicators, including a monetary overhang measure derived from a money demand equation, and the change in the unemployment rate lead to increases in the Gini coefficient. However, only unemployment is statistically significant. The lack of significance of the monetary indicators is robust to alternative specifications with variability in nominal aggregate demand instead of unemployment.

Angaben zum Objekt

• ISBN: 978-952-323-047-7
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: BOFIT Discussion Papers ; No. 17/2015

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Monetary Policy ; Personal Income, Wealth, and Their Distributions

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Sánchez-Fung, José R.
• Ereignis: Veröffentlichung
• (wer): Bank of Finland, Institute for Economies in Transition (BOFIT)
• (wo): Helsinki
• (wann): 2015

Weitere Informationen

• Handle: http://hdl.handle.net/10419/212827
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ