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Discussion Paper

Monetary Policy and the Distribution of Income: Evidence from U.S. Metropolitan Areas


Abstract: The steady rise in income inequality and the broad range of actions undertaken by central banks in recent years – first to stabilize the global economy during the 2008-09 financial crisis and second to stave off the pandemic-induced economic collapse – have brought the distributional footprint of monetary policy to the forefront of the economic policymaking discussion (Bernanke, 2015; Draghi, 2016; BIS, 2021).

https://doi.org/10.17016/2380-7172.3757

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Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2025-03-31

Number: 2025-03-31-2