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Journal Article

The redistributive consequences of monetary policy


Abstract: Monetary policy is not intended to benefit one segment of the population at the expense of another by redistributing income and wealth. But as Makoto Nakajima explains, it is probably impossible to avoid such redistributive consequences.

Keywords: Monetary policy; Redistributive consequences;

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Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Business Review

Publication Date: 2015

Issue: Q2

Pages: 9-16